AIIB approves $1 billion for Disaster Recovery in China
Sector: Road • Location: Zhengzhou, Xinxiang, Jiaozuo, China
Source: Highways Today
The Asian Infrastructure Investment Bank (AIIB) has approved $1 billion for the Henan Flood Emergency Rehabilitation and Recovery Project in China. The project will support post-disaster recovery in three municipalities in Henan Province that were severely affected by flooding due to days of record-breaking heavy rainfall. The loan will help the municipalities of Zhengzhou, Xinxiang, and Jiaozuo r
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Description
Description | The Asian Infrastructure Investment Bank (AIIB) has approved $1 billion for the Henan Flood Emergency Rehabilitation and Recovery Project in China. The project will support post-disaster recovery in three municipalities in Henan Province that were severely affected by flooding due to days of record-breaking heavy rainfall. The loan will help the municipalities of Zhengzhou, Xinxiang, and Jiaozuo rebuild infrastructure and strengthen capacity for integrated flood risk management and flood emergency response in the long term. |
Original sub-sector | Obfuscated |
Original Currency | USD |
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