The World Bank has approved three loans worth a total of $330 million for China.
The first amounts to $50 million that will go toward a cultural heritage conversation project in Shandong, home province of two of ancient China’s great thinkers, Confucius and Mencius.
The second is worth $80 million, which will fund efforts to improve the use of water resources in Inner Mongolia’s Bayannaoer municipality.
The third loan of $200 million will be used to build a 360-kilometer double-track, electrified, passenger-dedicated high-speed rail line between Jilin and Hunchun, which aims to reduce travel times and increase the frequency of rail services for passengers traveling between the two cities.
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