NDRC Approved the Foreign Capital Utilization Plan for the World Bank Loan - China Plastic Waste Reduction Project (Phase I)

Source: Department of Foreign Captial and Overseas Investment / Updated: 2022-08-26

Recently, the National Development and Reform Commission (NDRC) approved the Foreign Capital Utilization Plan for the World Bank Loan Plastic Waste Reduction Project (Phase I). The project mainly aims to improve plastic waste management and pollution management related systems, policies and standards, and enhance China's plastic waste management and pollution management capacity. The Project is coordinated by the NDRC at the central level and implemented by Chongqing and Ningbo at the city level. The loan for the central level is 10 million USD; the total investment of the Chongqing plastic waste reduction project is 2.436 billion RMB, including a loan of 270 million USD financed by the World Bank; and the total investment of the Ningbo plastic waste reduction project is 1.516 billion RMB, including a loan of 150 million USD financed by the World Bank.