China: Third National Railway Project

WASHINGTON, January 23, 2007 - The following project was approved today by the World Bank’s Board of Executive Directors:

IBRD LOAN: $200 million

TERMS: Grace period = 5 years; Maturity = 20 years

PROJECT DESCRIPTION: This project aims to provide a major increase in capacity to the Liupanshui-Zhanyi section of the Guiyang-Kunming railway line, improving the service quality of passenger as well as freight transport by halving the transit times and enabling operation of double-stack container trains.

For project details, please call Li Li in Beijing at (86-10) 5861-7850 or email: Lli2@worldbank.org

For more information on the project, please visit: http://web.worldbank.org/external/projects/main?pagePK=64283627&piPK=73230&theSitePK=40941&menuPK=228424&Projectid=P086515