IFC Agrees To Loan $70M For $110M China Water Plant Project

Law360, New York (February 13, 2014, 2:03 PM EST) -- The International Finance Corp. said on Thursday that it has agreed to provide $70 million worth of financing toward Hong Kong-based China Everbright International Ltd.’s $110 million project to improve industrial water infrastructure in China.

According to the World Bank Group member’s website, the $70 million loan will go toward an overall $110 million project that will see the erection of new water plants in China. The project is intended to improve the country’s industrial water efficiency, reduce health risks and environmental pollution, improve energy efficiency...
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