Date of Release:
Dec 11 2015
MANILA, Dec. 11 (Xinhua) -- The Asian Development bank has approved its first policy-based loan of 300 million U.S. dollars to China to help address air pollution problem in Beijing.
Part of the loan will also go to air pollution control programs in Tianjin municipality and Hebei province, both neighboring Beijing, said the bank on Thursday.
The loan accompanies expected cofinancing from KfW development bank of 150 million euros in support of the estimated expenditure of the Hebei Clean Air Action Plan 2015-2016 of 4.8 billion U.S. dollars in Hebei Province.