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WORLD BAND AIDS NINGBO WITH HUGE LOAN


AsiaInfo Services

09-09-2003

World Band Aids Ningbo with Huge Loan

NINGBO, Sep 09, 2003 (SinoCast via COMTEX) -- According to Ningbo Municipal Construction Project Office, a planning of borrowing loan from World Bank has passed the examination on September 4. By far, loans Ningbo borrowed from World Bank for municipal infrastructure construction have reached USD 98 million in addition to USD 18 million borrowed previously.

In 1993, in order to solve the problem of lacking fund for infrastructure construction, Ningbo decided to expand financing channe

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