ADVERTISEMENT
  • News
  • Technology
  • Culture
  • Entertainment
  • Sport
  • Travel
  • Music
  • More
    • Politics
    • Lifestyle
    • TV
    • Games
Friday, September 22, 2023
  • Login
No Result
View All Result
NEWSLETTER
FINCHANNEL
  • Home
  • Business
    • BANKS
      • GeoBanks
    • Finance
    • Insurance
    • Markets
    • Pharmacy
    • Press Releases
    • RealEstate
    • RealEstate
    • Finance
    • Insurance
    • Banks
      • GeoBanks
    • Markets
    • Press Releases
    • Personal Finance
  • World
    • America
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Americas
    • UK local news
  • Travel
    • Hotels in Georgia
    • Tours in Georgia
  • Videos
    • Promos
    • Soundslides
    • TheClinics
    • TheHoteliers
    • TheUniversities
    • TheHoteliers
    • TheClinics
    • TheUniversities
    • BestWorkplaces
    • Soundslides
    • Promos
    • Banking Forum
      • Promos
      • Soundslides
      • TheClinics
      • TheHoteliers
      • TheUniversities
  • Opinion
    • Editorial
      • Analysis
      • GORBI
      • OP-ED
      • VISA Editorial
    • Analysis
    • Gorbi
    • Book reviews
  • Tech
  • Interview
  • People
    • CityLife
    • Health & Beauty
      • Coronavirus
    • LifeStyle
    • Employment
      • MyCareer
    • Education
    • Media
    • Celebrities
  • Oil&Auto
    • Auto
    • Energy
  • EN
    • EN
    • GE
  • Home
  • Business
    • BANKS
      • GeoBanks
    • Finance
    • Insurance
    • Markets
    • Pharmacy
    • Press Releases
    • RealEstate
    • RealEstate
    • Finance
    • Insurance
    • Banks
      • GeoBanks
    • Markets
    • Press Releases
    • Personal Finance
  • World
    • America
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Americas
    • UK local news
  • Travel
    • Hotels in Georgia
    • Tours in Georgia
  • Videos
    • Promos
    • Soundslides
    • TheClinics
    • TheHoteliers
    • TheUniversities
    • TheHoteliers
    • TheClinics
    • TheUniversities
    • BestWorkplaces
    • Soundslides
    • Promos
    • Banking Forum
      • Promos
      • Soundslides
      • TheClinics
      • TheHoteliers
      • TheUniversities
  • Opinion
    • Editorial
      • Analysis
      • GORBI
      • OP-ED
      • VISA Editorial
    • Analysis
    • Gorbi
    • Book reviews
  • Tech
  • Interview
  • People
    • CityLife
    • Health & Beauty
      • Coronavirus
    • LifeStyle
    • Employment
      • MyCareer
    • Education
    • Media
    • Celebrities
  • Oil&Auto
    • Auto
    • Energy
  • EN
    • EN
    • GE
No Result
View All Result
FINCHANNEL
No Result
View All Result
Home Business

ADB Loan Supports Pingxiang’s Push to Cut Floods, Improve Environment

The FINANCIAL by The FINANCIAL
September 22, 2015
in Business
Reading Time: 2 mins read
A A
0
Share on FacebookShare on Twitter

The FINANCIAL — The Asian Development Bank (ADB) has approved a $150 million loan to help Pingxiang municipality in Jiangxi Province tackle long-standing flooding and connectivity problems, which are holding back development and poverty reduction.  

ADVERTISEMENT

“Pingxiang suffers from persistent and severe floods, environmental pollution, and gaps in its urban-rural road development,” said Stefan Rau, an ADB Urban Development Specialist. “This project will help the municipality overcome these obstacles using state-of-the-art environmentally-friendly green infrastructure to solve water related-problems. It will bring jobs, goods, assets, and public and private services within commuting distance of more villages and townships, and so promote more inclusive growth.”  

Pingxiang, a mountainous city with a population of nearly 2 million, and all its rivers originating within the municipality and draining into two major river systems—the Gan and the Xiang—has seen a rise in the frequency and severity of floods since 1998. These have led to millions of dollars in economic losses. Inadequate sewer systems and wastewater treatment has degraded water quality and the wider environment. A lack of quality roads in rural areas means many communities have limited access to markets, jobs, and social services. 

RelatedPosts

Boosting Collaboration: How Virtual Data Rooms Transform Business Workflows

Brilliant Employer Branding:

Do Not Fear the Impact of AI on Commercial Real Estate

Transaction volume for U.K. student housing shot up to an all-time high of GPB 8.7 billion in 2022

The project will fund a set of integrated infrastructure investments that optimize benefits in four main subcenters—Pingxiang in Lianhua; Luxi, and Shangli counties; and Xiangdong District. These include river rehabilitation and flood protection infrastructure, irrigation, and wastewater and pollution management, according to ADB.

Among the works to be undertaken are dredging, embankment upgrades, riparian landscape re-vegetation and wetlands rehabilitation along more than 70 kilometers (km) of rivers. Sewer pipe networks and wastewater treatment plants will be constructed in Xuanfeng Town in Luxi County and Tongmu Town in Shangli County. The project will also build a 44-km long road linking towns and villages to urban and industrial areas in Luxi and Shangli counties and Anyuan District, the municipal center. 

Among the innovations, adjustable weirs will be installed for farmland irrigation, which will increase climate resilience and preserve the farmers’ livelihoods, while protecting urban and rural settlements from flooding. Widespread replanting of embankments, shelterbelts, wetland floodplains, and public green spaces will enhance the environment and support Pingxiang as a pilot in the national government’s “sponge city” program in which cities use greenways, parks and wetlands effectively to retain stormwater and reduce floods. 

Along with ADB’s loan, the Pingxiang municipal, county, and district governments will contribute combined assistance of over $211 million. The project will run for 5 years with an expected completion date of end December 2020.

ADB, based in Manila, is dedicated to reducing poverty in Asia and the Pacific through inclusive economic growth, environmentally sustainable growth, and regional integration. Established in 1966, it is owned by 67 members—48 from the region.  In 2014, ADB assistance totaled $22.9 billion, including cofinancing of $9.2 billion.

 

ADVERTISEMENT
The FINANCIAL

The FINANCIAL

Related Posts

Boosting Collaboration: How Virtual Data Rooms Transform Business Workflows
Business

Boosting Collaboration: How Virtual Data Rooms Transform Business Workflows

by The FINANCIAL
August 26, 2023
0

Understanding VDRs In this discourse, our focus is directed towards a pivotal theme that resonates within the contemporary business landscape....

Read more

Brilliant Employer Branding:

August 23, 2023
Another Recession Will Start Within Three Years

Do Not Fear the Impact of AI on Commercial Real Estate

August 23, 2023
Why people immigrate to the UK: seizing the opportunities of administrative data

Transaction volume for U.K. student housing shot up to an all-time high of GPB 8.7 billion in 2022

August 23, 2023
Next Post

Philippines to Grow by 6.0% in 2015, 6.3% in 2016 on Spending Pickup - ADB

Developing Asia’s Growth Outlook Pressured by PRC, India Moderation - ADB

PRC Growth to Moderate to 6.8% in 2015 Amidst Recent Pressures - ADB Study

Please login to join discussion
ADVERTISEMENT
  • Trending
  • Comments
  • Latest
Find Social Security Number by Name Free

Find Social Security Number by Name Free

November 23, 2022
Alejandro Betancourt López

Alejandro Betancourt López Credits Social Media With the Success of Hawkers

November 1, 2022
Employee Well-being as one of the main directions of corporate sustainability in the “Smart Capital Group” company

Employee Well-being as one of the main directions of corporate sustainability in the “Smart Capital Group” company

August 14, 2023
Download ePaper | archive of print editions

Unleashing the Power of Firestarter SEO in Denver

August 18, 2023
7 Vital Skills For A Successful Career In Finance

Survey of 249 Senior Enterprise Risk Executives Reveals Top 5 Emerging Risks in the Second Quarter of 2023

August 20, 2023
Why You Need to Have Emergency Savings

11 Money Management Tips For Financial Security

September 14, 2023

Inland waterway transport hits a decade low in 2022

September 14, 2023
EU produced 14.7 million bicycles in 2022

EU produced 14.7 million bicycles in 2022

September 14, 2023
Business investment rate stable at 23.0% in the euro area

A Rundown of the Latest Investment Trends in Health Care

September 14, 2023
How to optimize business costs with Intranet implementation?

Maintaining Accuracy and Compliance: Why Expert Accounting and Bookkeeping Services Matter

September 14, 2023

Popular Last 24h

  • AI can create contact center efficiencies without cutting jobs, says Afiniti CEO

    AI can create contact center efficiencies without cutting jobs, says Afiniti CEO

    0 shares
    Share 0 Tweet 0
  • Credit quality concerns lead to higher provisions at US banks

    0 shares
    Share 0 Tweet 0
  • Find Social Security Number by Name Free

    1 shares
    Share 0 Tweet 0
  • QNET’s CEO Malou Caluza Reinforces Anti-Scam Message

    0 shares
    Share 0 Tweet 0
  • Employee Well-being as one of the main directions of corporate sustainability in the “Smart Capital Group” company

    0 shares
    Share 0 Tweet 0
  • New Expression of Rolls-Royce Phantom Makes Its Debut in Georgia

    0 shares
    Share 0 Tweet 0
  • 6 Costly Yet Avoidable Digital Marketing Mistakes

    0 shares
    Share 0 Tweet 0

LATEST POSTS

Why You Need to Have Emergency Savings

11 Money Management Tips For Financial Security

September 14, 2023

Inland waterway transport hits a decade low in 2022

September 14, 2023
EU produced 14.7 million bicycles in 2022

EU produced 14.7 million bicycles in 2022

September 14, 2023
Business investment rate stable at 23.0% in the euro area

A Rundown of the Latest Investment Trends in Health Care

September 14, 2023
How to optimize business costs with Intranet implementation?

Maintaining Accuracy and Compliance: Why Expert Accounting and Bookkeeping Services Matter

September 14, 2023
13 Years Ago, Lady Gaga Stunned the VMAs (and the World) With Her Meat Dress

13 Years Ago, Lady Gaga Stunned the VMAs (and the World) With Her Meat Dress

September 12, 2023
Paraguay’s Gomez to miss WC qualifier against Venezuela

Paraguay’s Gomez to miss WC qualifier against Venezuela

September 12, 2023
Bolivia vs. Argentina live stream: Is Lionel Messi playing? How to watch World Cup qualifying, TV channel

Bolivia vs. Argentina live stream: Is Lionel Messi playing? How to watch World Cup qualifying, TV channel

September 12, 2023
Retirement Communities Help Residents Keep Mentally and Physically Fit

Retirement Communities Help Residents Keep Mentally and Physically Fit

September 12, 2023
UK boosts support for International Criminal Court

Russia used its veto alone to end Security Council measures aimed at supporting peace in Mali

September 12, 2023

LATEST INTERVIEWS

Lighting the path for sustainability in Georgia

Lighting the path for sustainability in Georgia

by The FINANCIAL
August 14, 2023
0

Toyota Plays a Crucial Role in Contributing to Georgia’s Zero Emissions Challenge

Toyota Plays a Crucial Role in Contributing to Georgia’s Zero Emissions Challenge

by The FINANCIAL
July 12, 2023
0

The Biltmore Tbilisi Hotel in Georgia’s key CSR projects aimed at creating a beneficial influence on the local community

The Biltmore Tbilisi Hotel in Georgia’s key CSR projects aimed at creating a beneficial influence on the local community

by The FINANCIAL
July 12, 2023
0

“EU membership might attract European banks and other financial institutions to enter Georgia”

“EU membership might attract European banks and other financial institutions to enter Georgia”

by The FINANCIAL
May 15, 2023
0

Main risks facing banks in 2023

Main risks facing banks in 2023

by The FINANCIAL
May 15, 2023
0

‘Russia cannot be treated as a reasonable and reliable trade partner

‘Russia cannot be treated as a reasonable and reliable trade partner

by The FINANCIAL
February 13, 2023
0

We should increase our joint efforts to assist the growing tech sector here in Georgia

We should increase our joint efforts to assist the growing tech sector here in Georgia

by The FINANCIAL
February 13, 2023
0

‘Georgia has much to offer to UK investors

‘Georgia has much to offer to UK investors

by The FINANCIAL
February 13, 2023
0

Newsletter

ADVERTISEMENT

GET IN TOUCH

E-mail your company news at:

news (at) financial.ge Letters to the Editor: editor (at) finchannel.com

Local Marketing contact:

(+99532) 2252 275 | 76 EXT: 1 (+995 558) 03 03 03 (mobile) marketing (at) finchannel.com

Requests from abroad:

(+99532) 2252 275 | 76 EXT: 7 (+995599) 96 52 52 Email: zviadi (@) finchannel.com Contact video editor: E-mail: video (at) financial.ge

Postal address: 17 Mtskheta str. Tbilisi, Georgia 0179 The FINANCIAL

RESOURCE

  • Work at the FINANCIAL
  • ePaper
  • Advertise in The FINANCIAL
  • Access ePaper
  • Guest posts
  • Contributed articles
  • AmericanStockNews
  • Coupon Codes
  • GLOSSY MAG
American Culture Center
ACC Partner

GUIDEBOOK

  • Meet our team
  • Invest in Georgia
  • Become contributor
  • Archive

FOLLOW US

  • Facebook
  • Twitter
  • Google+
  • Youtube
No Result
View All Result
  • Home
  • Business
    • BANKS
      • GeoBanks
    • Finance
    • Insurance
    • Markets
    • Pharmacy
    • Press Releases
    • RealEstate
    • RealEstate
    • Finance
    • Insurance
    • Banks
      • GeoBanks
    • Markets
    • Press Releases
    • Personal Finance
  • World
    • America
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Americas
    • UK local news
  • Travel
    • Hotels in Georgia
    • Tours in Georgia
  • Videos
    • Promos
    • Soundslides
    • TheClinics
    • TheHoteliers
    • TheUniversities
    • TheHoteliers
    • TheClinics
    • TheUniversities
    • BestWorkplaces
    • Soundslides
    • Promos
    • Banking Forum
      • Promos
      • Soundslides
      • TheClinics
      • TheHoteliers
      • TheUniversities
  • Opinion
    • Editorial
      • Analysis
      • GORBI
      • OP-ED
      • VISA Editorial
    • Analysis
    • Gorbi
    • Book reviews
  • Tech
  • Interview
  • People
    • CityLife
    • Health & Beauty
      • Coronavirus
    • LifeStyle
    • Employment
      • MyCareer
    • Education
    • Media
    • Celebrities
  • Oil&Auto
    • Auto
    • Energy
  • EN
    • EN
    • GE

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.