Posts Tagged ‘loan’

20090304: Xinhua: Bank of China to lend $44 bln in Sichuan for quake rebuilding

Monday, March 9th, 2009

Bank of China to lend $44 bln in Sichuan for quake rebuilding

2009-03-04  来源：新华网

Bank of China (BOC) signed an agreement here Wednesday with Sichuan Province to provide areas hit by the May 12 quake with at least 300 billion yuan (43.9 billion U.S. dollars) in loans for reconstruction over the next five years.
The Sichuan government has estimated post-quake rebuilding will cost more than 1.6 trillion yuan.
The Beijing-based bank, one of the country’s top four lenders, said it would also offer financing support for small and medium-sized companies in Sichuan.
The 8.0-magnitude quake, centered in Sichuan, left more than 80,000 people dead or missing and millions homeless

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20090221: Asian Development Bank approves USD 400 million of loans for reconstruction

Friday, February 27th, 2009

亚行贷款资助中国地震灾区重建公路与学校
2009-02-21    来源:新华网
The Asian Development Bank (ADB), headquarter in Manila, the Philippines, announced on 20th that, the board of ADB had approved the emergency aid loans, which amounted to 400 million U.S. dollars, to help on rebuild some of the highways and schools that had been damaged in the Wenchuan Earthquake.
According to ADB, this batch of loan will be used to support the reconstruction work in Sichuan and Shanxi, specifically, 350 highways and 12 schools. The time limit is 32 years, including 8-year grace period.
Previously, ADB had provided 16.5 million grant to Sichuan, which was used to improve national disaster risk management system and reconstructive projects. In addition to these 2 batches of aid, ADB intend to finance 700 thousand dollars to help enhance coordination and supervision in reconstruction work.
总部设在马尼拉的亚洲开发银行２０日宣布，亚行董事会日前批准了总额为４亿美元的紧急援助贷款，帮助重建在去年汶川特大地震中损毁的部分公路和中小学校舍。

亚行说，这笔贷款将支持四川省和陕西省地震重灾区完成３５０条公路和１２所学校的重建工程，贷款的期限为３２年，包括８年宽限期。

亚行此前已向四川地震灾区提供总额１６５万美元的赠款，用于灾后重建和完善国家灾害风险管理体系。此外，亚行有意再融资７０万美元协助灾后重建工作的协调与监督。

汶川大地震灾区生源毕业生可获求职补贴

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Posted in Construction and infrastructure, Disaster / risk management, Facilities reconstruction, Infrastructure, Official news source | No Comments »

20090101: Xinhua: China extends grace period for quake victims who took out loans

Friday, February 27th, 2009

China extends grace period for quake victims who took out loans
Xinhua 2009-01-01 18:16:17

Individuals and enterprises that can’t repay loans because of the May 12th earthquake will get more time, the country’s central bank and banking regulator said Thursday.
Individuals who borrowed from Chinese banks before the quake will be given a grace period of another six months to repay the money. The new deadline is June 30 of this year, according to a joint statement by the People’s Bank of China and the China Banking Regulatory Commission.
Corporations will get a longer grace period of another 12 months. Repayment is now due at the end of 2009.
Previously, quake victims were told to repay borrowed money by the end of 2008.
The two agencies also urged banks not to push for loan repayment if debtors in the quake-hit regions fall behind in payments. They said lenders should not levy fines for defaults or add default notices to borrowers’ credit records during the extended grace period.
The May 12 earthquake left more than 87,000 people dead or missing. Millions more are homeless.

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Posted in Finance, work and business, Micro-funding, National government, Relief | No Comments »