ADB supports projects in China

Source: Xinhua | 2017-03-01

THE Asian Development Bank yesterday said it will support clean municipal waste-to-energy projects with advanced technology in small and medium-sized cities in China.

The ADB signed deals with 10 commercial banks to support Dynagreen Environmental Protection Group in the projects. It also signed a US$100 million onshore local-currency complementary loan agreement. In addition, ADB is providing a technical assistance grant of up to US$500,000 to enhance Dynagreen’s corporate governance system.

The financing package will help develop waste-to-energy projects based on public-private partnerships with smaller cities, cutting greenhouse gas emissions, and soil and groundwater contamination, ADB said.