Several days ago, at New District Business Chamber, a conference on banking syndicate loan for road nodes network project in Huai’an Economic Development Zone was successfully held. Jiangsu Branch of China Development Bank and Huai’an Branch of China Bank took the lead and united Jiangsu Branch of Bank of Communications, Nanjing Branch of Evergrowing Bank to grant 0.4 billion yuan loan with a period of 10 years for the project in Huai’an Economic Development Zone. At the conference, proportion allocation, loan period, interest rate and repayment plan were negotiated and confirmed, all sides are urged to push forward the loan, and the first part of the loan was required to be launched and all technical works should be completed in May.
Signing up of this project, undertaken by Economic Development Finance Bureau of Huai’an, is the 1st cooperation between a development zone in North Jiangsu and China Development Bank. And this loan will play a demonstrative role in financing work in Huai’an.