By Lesley Wroughton

WASHINGTON, July 10 (Reuters) - China is ramping up financing for power and transport projects in Africa, with the majority in four countries endowed with natural resources, according to a report by the World Bank on Thursday.

The report, which looks at the growing role of the Chinese government as a financier of infrastructure projects in Africa, estimates China's funding for roads, railways and power projects peaked at $7 billion in 2006 from just $1 billion a year between 2001-03.

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Posted by boyang at July 10, 2008 1:45 PM