ADB approves EU428 million loan.
MANILA: The Board of Directors of ADB approved a EU428 million ($499 million) loan to set up a regional emission-reduction and pollution-control facility.
It is part of a multiyear and multisector support program to improve air quality in the greater Beijing-Tianjin-Hebei (BTH) region, which suffers from heavy air pollution in the People's Republic of China (PRC).
Lin Lu, Senior Energy Specialist at ADB's East Asia Department, said, "We remain committed to helping the PRC government improve air quality and reduce pollution in the greater BTH region, where a third of the country's economic growth comes from. Air pollution poses an enormous health risk to people living in the region and hurts economic development. The proposed facility will help the region adopt sophisticated green technologies to improve air quality."
Cities in the greater BTH region have consistently been reported to have the highest concentration of particulate matter and other air pollutants, following decades of emissions from pollution-intensive industries in the area, as well as the region's heavy reliance on coal for energy generation.
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|Publication:||Daily the Pak Banker (Lahore, Pakistan)|
|Date:||Jan 23, 2018|
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