Thursday, August 16, 2007

China gets US$300 million loan for Vietnam road link

Thursday, August 16, 2007


The Asian Development Bank (ADB) is to lend US$300 million to develop a road in the western Chinese province of Guangxi linking it to Vietnam, the Manila-based lender said Wednesday.

"The project will contribute to pro-poor sustainable economic growth in western Guangxi and northern Vietnam by developing an integrated road transport network in the area," said Xiaohong Yang, an analyst at the bank.