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Philippines Procurement News Notice - 18528


Procurement News Notice

PNN 18528
Work Detail MANILA, Dec. 14 (Xinhua) -- The Asian Development Bank (ADB) has approved a 200 million U.S. dollars loan for an inclusive green development project in Ziyang city in the southwestern Chinese province of Sichuan. The new project will demonstrate for the first time how medium-sized cities in the middle and upper reaches of the Yangtze River can tackle ecological and green growth challenges, the Manila-based ADB said in a statement on Thursday. The projects mix of ecological, economic, and urban planning activities will encourage investment and new jobs and make Ziyang into a much better place to live, said ADB Senior Water Resources Specialist Fan Mingyuan. It will showcase a way forward for other towns and cities looking to secure a sustainable, green future, he added. Ziyang is a typical medium-sized municipality with a population of around 3.6 million, according to ADB. It said the citys heavy industry has brought some economic growth but has been a prime cause of pollution in nearby lakes and local river. The economy also needs more environmentally friendly sectors, such as light industry and services, that can provide more jobs over the long term, the ADB said. The ADB said the projects ecological features will include building flood control embankments, interventions to capture stormwater and, for the first time for ADB, turning a polluted landfill into a park.
Country Philippines , South Eastern Asia
Industry Financial Services
Entry Date 19 Dec 2018
Source http://www.xinhuanet.com/english/asiapacific/2018-12/14/c_137673986.htm

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