ADB Provides $100 mln Loan to Improve China’s Railway System – Xinhua

From Xinhua:

The Asian Development Bank (ADB) is providing a 100 million U.S. dollars loan to help develop an efficient and effective emergency management system for China’s railway system.

The Railway Safety Enhancement Project will also receive 40 million dollars from the Ministry of Railways to complete the funding requirement, ADB said in a statement released on Monday.

The new technology will enable the railway system to respond more quickly to emergencies, reduce restoration time and enhance safety, it said. [Full Text]