Monday, December 24, 2007

China, Japan sign 46.3 billion yen environmental loan

Climate Ark, via Reuters: China and Japan signed a final agreement on Friday for a 46.3 billion yen (US$409.4 million) loan to fund environmental projects in central and western China, the official Xinhua news agency reported.

The loan, signed by China's deputy finance minister and the governor of the Japan Bank for International Cooperation, carries an interest rate of 0.65 percent to 1.4 percent and has a term of 25 to 40 years, the report said. The loan will fund air pollution reduction and urban waste projects in six cities and provinces in central and western China.

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