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Xinhua Credit
Industry

Construction on 101 projects begins in SW. China's Guizhou Province on Tue.

June 17, 2020


Abstract : Construction on 101 projects kicked off Tuesday in southwest China's Guizhou Province, with the total investment exceeding 60 billion yuan.

BEIJING, June 17 (Xinhua) – Construction on 101 projects kicked off Tuesday in southwest China's Guizhou Province, with the total investment exceeding 60 billion yuan.

Project funds raised from special-purpose local government bonds reached 10.664 billion yuan.

Among the projects, there are 41 public health and service projects with a total investment of 14.3 billion yuan, and 22 industrial supporting infrastructure projects with a total investment of 15.2 billion yuan.

Besides, there are 38 projects centering on new infrastructure, new urbanization and major projects with a total investment of 31.2 billion yuan.

Guizhou will quicken its pace to use special-purpose bonds as project capital to support the construction of major projects in an attempt to further boost its economic growth .

(Edited by Yang Yifan with Xinhua Silk Road, yangyifan@xinhua.org)

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Keyword: Guizhou special-purpose bonds

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