China Development Bank strengthened financial support for water conservancy in the first quarter of this year, pledging loans worth 35.5 billion yuan (about 5.6 billion U.S. dollars), with 22.9 billion yuan already released.
BEIJING, April 17 (Xinhua) -- China Development Bank strengthened financial support for water conservancy in the first quarter of this year, pledging loans worth 35.5 billion yuan (about 5.6 billion U.S. dollars), with 22.9 billion yuan already released.
The funds will be channeled to areas such as major water conservation projects, flood prevention, disaster relief, rural water supply, and environmental projects, the bank said.
Major water conservation projects are a priority for the bank, and it has extended financing to 86 of the 133 projects that have started construction and need funding.
