The World Bank has approved two loans totaling $400 million to finance infrastructure projects in Kunming and Sichuan in China.
A $300 million loan will be used to build a 19.5-kilometer railway line in Kunming, a city confronting increasing traffic congestion due to a rapid growth in population and motorization. The city is home to more than 6 million people, half of whom live in the urban area.
The other loan, worth $100 million, is going to the Sichuan Small Towns Development Project. The project seeks to make investments in urban roads, water supply networks, storm and sewerage drainage networks, canal and river embankments, and wastewater treatment. It will also back capacity-building efforts to guarantee the long-term sustainability of the assets created under the project.
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