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Gabon's infrastructure plans get major boost

Hits:  UpdateTime:2016-12-08 11:39:04

China agreed on Wednesday to provide preferential loans

to Gabon to support the African country's infrastructure projects.

President Xi Jinping and Gabonese President Ali Bongo

Ondimba oversaw the Beijing signing ceremony of four

bilateral cooperative documents, two of them including

preferential loans.

China would provide preferential loans for a perimeter highway

project to be built around Libreville, capital of Gabon, under one

agreement. The 11-kilometer road, to be completed by the

China Road and Bridge Corp, will be a key link between

the new and old downtown areas of the city.

Zhang Ming, vice-foreign minister, told China Daily after

the signing ceremony that the two agreements on loans

mean China will provide major financial support to

Gabon's infrastructure projects.

During the talks with Bongo, Xi said that China supports

Gabon's efforts to speed up the country's industrialization

and convert the country's resources advantages into

development results.

China encourages domestic companies to take an active

part in infrastructure projects in Gabon, Xi said, adding

that China hopes to support Gabon's development of

industries such as tourism, finance and telecommunications.

Xi told Bongo that he was impressed by the African

leader surpassing his father's record for visiting China.

His father, Omar Bongo Ondimba, former Gabonese

president, visited China 11 times from 1974 to 2009.

Bongo is paying his 12th visit to China from Tuesday

to Friday. Apart from Beijing, he will also visit Shantou

in Guangdong province.

See more at:http://www.chinadaily.com.cn/china/2016

-12/08/content_27606361.htm

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