NDRC Approves the Foreign Capital Utilization Plan for the NDB Loan to Qingdao Metro Line Six Project (Phase I)

Source: Department of Foreign Capital and Overseas Investment / Updated: 2021-11-26
Recently, to support Qingdao in improving transportation and traffic mode, achieving the objectives of green, low-carbon and sustainable development, the National Development and Reform Commission(NDRC) has approved the Foreign Capital Utilization Plan for the New Development Bank (NDB) Loan to Qingdao Metro Line Six Project (Phase I). The total investment of this project is 19.7 billion RMB,of which 500 million USD (approximately 3.237 billion RMB) is to be borrowed from the NDB, the fund will mainly be used to purchase rolling stock equipment, power supply equipment, electromechanical equipment, cloud platform and other supporting equipment, and to pay for relevant project supervision charges, etc.