From July 1, 2005 to June 30, 2006, the World Bank promised to
give loan worth US$1.455 billion for support of 11 projects in
China, the Ministry of Finance announced Thursday.
The World Bank consented to loan 400 million dollars to support
three agricultural projects in China, 648 million dollars for four
urban construction projects, 300 million dollars for two
transportation projects, 87 million dollars to support one energy
project and 20 million dollars for a technological assistance
project.
Besides, another 98 million dollars worth of grant will be
transferred to China thanks to the World Bank's mobilization, the
Ministry of Finance said.
Since China resumed its legal seat in the World Bank in 1980,
the bank has promised to offer loan totaling US$40.6 billion to
China, according to the ministry.
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(Xinhua News Agency July 14, 2006)
