IFC proposes $103m investment in China's Shanghai Zhonggu Logistics

IFC/World Bank HQ. Photo: IFC

World Bank Group member International Finance Corporation (IFC) is likely to extend a loan of $103.3 million to Shanghai Zhonggu Logistics Co, the second largest domestic trade multimodal container transportation company in China.

The loan, which has been approved by the board, is pending disbursement, per an IFC disclosure.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter