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NDRC Approves the Foreign Capital Utilization Plan for the ADB Loan

to Hunan Miluo River Disaster Risk Management and Comprehensive

Environment Improvement Project

  Recently, in order to promote the ecological restoration and management of Miluo River Basin in Hunan Province, the Foreign Capital Utilization Plan for the ADB Loan to the Hunan Miluo River Disaster Risk Management and Comprehensive Environment Improvement Project has been approved by the National Development and Reform Commission. The total investment amount of this project is 2.36 billion yuan, of which €133 million (equivalent to 1.05 billion yuan) is expected to be borrowed from ADB and €60 million (equivalent to 475 million yuan) is expected to be borrowed from KfW. The funds will be used for water-related disaster risk management, urban and rural environment and sanitation management, eco-farming demonstration, green development action and capacity building.

(Department of Foreign Capital and Overseas Investment)