ADB loan will finance sewage treatment
The Asian Development Bank signed a $300-million equivalent loan facility with Beijing Capital Group on Thursday to support wastewater treatment upgrades in the western part of China.
With the support of ADB and Beijing Capital Group, a State-owned environmental service provider, the project will be able to provide reliable and efficient access to water and wastewater treatment in small communities in less-developed regions in China, according to Hisaka Kimura, East Asia unit head of ADB's private sector operations development.
The assistance includes a dual currency dollar-yuan loan equivalent to $150 million from ADB's ordinary resources and a complementary loan of the same amount raised from participating banks, with ADB acting as lender of record.
