NDB provides USD 300 million loan to the People’s Republic of China for Urban Water System Ecological Restoration Project

The Loan and Project Agreements for Guangxi Chongzuo Urban Water System Ecological Restoration Project were signed in Chongzuo city of Guangxi Zhuang Autonomous Region, China.

According to the Agreements, NDB will provide a USD 300 million project loan to the People’s Republic of China for Guangxi Chongzuo Urban Water System Ecological Restoration Project which aims to support Chongzuo for making the city on the way towards a greener and more sustainable development path.

The specific objective of the Project is to improve the urban water environment and enhance flood protection through removing urban wastes, connecting water bodies, rehabilitating river and lake embankments, creating vegetated buffer zones in water adjacent area, constructing drainage pumping stations, and establishing a smart water information and management system.

The Project has three components: (i) restoration of lakes, rivers, wetlands, channels and their adjacent areas; (ii) development of water ecological environment monitoring, control and management system; (iii) project management support and capacity building.

Original source: NDB
Published on 16 May 2019