MANILA, Dec. 22 (Xinhua) -- The Asian Development Bank (ADB) said on Monday that it has approved a 200 million-U.S. dollar loan to China to reduce pollution and improve clean water supply from the country's third largest river basin, the Songhua River Basin (SRB).

The loan will cover over half the total estimated project cost of 396.3 million dollars, the Manila-based bank said in a press release. The remainder will be funded through water and wastewater tariffs, domestic loans from China's banks, state-issued bonds, and equity capital from the local governments involved.

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Posted by boyang at December 22, 2008 5:30 AM