The World Bank (WB) said on June 26 it had approved loans totaling 500 million USD to China to assist a railway project and an urban environment improvement programme.
Of the total, 300 million USD is for the Nanning-Guangzhou railway project, which aims to enhance transport capacity and reduce travel time between the less developed southwestern region and the relatively more developed Pearl River Delta region, Xinhua news agency reported.
The railway that connects Nanning, capital of the Guangxi Zhuang Autonomous Region, with Guangzhou, capital of Guangdong Province, will be able to cut the travel time between the two cities from the current 12 hours to three hours.
The loan for the project will be specifically used for a 400-km section of the double-track electric rail line from Litang, Guangxi, to Zhaoqing, Guangdong, and a 62-km four-track rail line near Guangzhou.
The remaining 200 million USD will be used for a Shanghai urban environment project, or the third phase of the WB's Adaptable Program Loan (APL) for Shanghai urban environment improvement, which began in 2003.
The project will focus on increasing secure supplies of good quality water, reducing pollution discharged into water sources without treatment, and facilitating sustainable investment in environmental infrastructure in Shanghai suburbs./.