World Bank OKs Loans for 3 Chinese Projects

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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About the author

  • Eliza Villarino

    Eliza Villarino currently manages one of today’s leading publications on humanitarian aid, global health and international development, the weekly GDB. At Devex, she has helped grow a global newsroom, with talented journalists from major development hubs such as Washington, D.C, London and Brussels. She regularly writes about innovations in global development.