GF 323
CONFIDENTIAL
機密
9
environmental improvement in China(13)
11.
in supporting
The Asian Development Bank (ADB) is also active
economic development projects in China.
Following a loan of US$70 million to finance the
construction of the Nangpu Bridge in Shanghai, the ADB
a complementary financing scheme for loans
participated in
loan of US$100
the coastal and
China.
totalling US$48 million. More recently, the ADB approved a
million to finance capital construction in
the under-developed inner provinces in
Another loan of US$105 million by the ADB to
finance an acrylic fibre plant in Anhui had also been
approved.
In addition, a technical assistance grant of
US$0.8 million was given by the ADB to the Industrial and
Commercial Bank of China to assist the latter in manpower
training and in developing its consultancy services. Apart
from extending concessionary loans to China, the ADB
invested US$4 million for a stake of 9.3% in the expanded
issued share capital of the China Assets (Holdings) Ltd.,
which is a multinational investment fund set up to acquire
equity stakes in some of the more efficient enterprises in
(13) In October 1991, the World Bank approved a loan of US$330 million for financing the railway construction programme in China. The loan is for a period of 20 years and carries an interest rate of 5%. Later in the month, another loan of US$67 million was approved for financing the construction of the Daguangba multipurpose power project in Hainan. In November 1991, a loan
US$125 million was approved by the World Bank for financing a programme on environmental improvement in Beijing's urban area. Of which US$80 million is to be disbursed through the Bank's associated agency,
the International Development Association.
The loan will provide finance renovate or close down the plants that cause serious pollution in Beijing and to improve infrastructure such as sewer and hazardous waste disposal system.
to
CONFIDENTIAL
機密