The World Bank supports dual benefit Nanchang Metro Line 2 construction highlights

WASHINGTON (Reporter He Baoqing reporter June 24 from the Provincial Development and Reform Commission, the World Bank loan Nanchang Metro Line 2, a project has recently been approved by the World Bank Board of Executive Directors, the loan amount $ 250 million. Moreover, in the area experience of the World Bank loan project experts will also be given for the appropriate management and technical guidance.

Such World Bank loan will be used to Nanchang Metro Line 2 of civil works. In addition to loans, the Bank of Nanchang rail transportation companies to provide technical assistance and institutional capacity building to support and increase the capacity of the land around the station upgrade value, improve financial management and internal audit and other aspects of guidance in Nanchang Metro Line 2 project preparation and design process, the Nanchang Railway Group Limited, through the use of World Bank loans, and actively learn from advanced international concepts, scientific coordination of land use planning relationship with the transportation network, making new subway lines and buses and other transportation systems integration for pedestrians and non-motorized station provides convenient access, and to develop a comprehensive financing plan and urban rail patronage analytical standards.

It is reported that, Nanchang Metro Line No( 2 by the World Bank loan useful life of 30 years, as the World Bank loan of less than 1% per annum, less than commercial loans more than five points, the annual interest savings for construction of nearly 60 million yuan is expected as early as July this year, Nanchang Metro Line 2 will officially get first World Bank loan funds.

Nanchang subway

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