World Bank Raises a Helping Hand to Sichuan

World Bank Raises a Helping Hand to Sichuan
Feb 19, 2009 By eChinacities.com
The World Bank has approved loans of $510 million to Sichuan and $200 million to Gansu for earthquake reconstruction projects.
The World Bank funds will primarily be used to rebuild infrastructure - roads, bridges, water supply and sewerage systems - and health facilities in the two provinces, and to redevelop Sichuan's education facilities.
Mara Warwick, a senior urban environment specialist with the World Bank and project manager for the scheme, said: "The project will assist many communities affected by the devastating earthquake to rebuild their lives by restoring essential services.
"While it represents only a small part of the government's overall recovery effort, we are confident the World Bank's extensive global experience in post-disaster reconstruction, management and prevention that will be shared through the project, will benefit the participating provinces."
Liu Qibao, Sichuan's Party chief, said earlier that the reconstruction of Sichuan alone could cost RMB 1.7 trillion.
Just RMB 400 billion has so far been raised, he said.

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