Brussels, 21/04/2009 (Agence Europe) - The European Investment Bank (EIB) is providing a US$160 million loan to the People's Republic of China (PRC) to help finance the reconstruction plan set up by the Chinese government for the areas hit by the May 2008 Sichuan earthquake.
The loan will be used for the restoration of pre-existing forestry ecosystems destroyed by landslides and for consolidation works in irrigation and drinking water reservoirs (528 dams). The European Commission is also...