WB lends 皇冠体育app 300 mln USD to road construction

(Xinhua)
Updated: 2007-03-14 16:49

BEIJING -- The World Bank (WB) has granted a loan of 300 million US dollars to assist with the financing of a road development project in west 皇冠体育app's Shaanxi Province, the WB announced on Wednesday.

The project, which will cost 735 million U.S. dollars, includes the building of a 87-kilometer-long expressway connecting Ankang city and Maoba town in Shaanxi Province.

It will also rehabilitate, expand and upgrade existing provincial, county and village roads.

Poor road conditions have hampered the social and economic development of the Ankang region, which is located in the southern mountainous part of the province.

Over the past 20 years, the WB has provided support to more than 65 transport projects in 皇冠体育app.