In addition to the world bank loan, how much more money does the pro ject require?

The world bank has put a loan of $ 215 million to help reconstruction of China’s telecommunications system. The project which needs the total finance of $ 623 million will support Beijing’s reform effort in telecommunications and help increase its long-distance and local telephone capacity. Peter Right, the bank’s telecommunications project engineer said China has shown dramatic and unprecedented growth in telecommunications, which, ff it continues, will make this sector a ease. The number of long-distance calls in China grew by 42.2% from 1989 to 199But there are still some 1.6 million people yet to receive it. The Chinese government has embarked on a program to expand and improve telecommunications with planned investment of about $ 250 mil lion between now and 1997.