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NDRC Approves the Foreign Capital Utilization Plan for the ADB Loan

to Shaanxi Green Intelligent Transport and Logistics

Management Demonstration Project

  Recently, in order to support the optimization of logistics resource allocation in Shaanxi Province, build green cycle logistics system, speed up the development and transformation of logistics industry agglomeration, and promote economic development in poor areas, the National Development and Reform Commission has approved the Foreign Capital Utilization Plan for the ADB Loan to Shaanxi Green Intelligent Transport and Logistics Management Demonstration Project. The total investment amount of this project is 4.77 billion yuan, of which $200 million is expected to be borrowed from ADB and €180 million is expected to be borrowed from KfW. The funds will be used for the construction of Civilian Aerospace New Town Logistics Park, Rail-road Multimodal Bulk Commodity Logistics Park, Xi’an High-tech City Logistics Park, Yan’an Green Urban District Demonstration, Ankang Inland Port Logistics Park, SP Traffic Management IT System, implementing Consulting Services and Capacity Building, and supporting the development of the small-and medium-sized enterprises through Financial Intermediation Loan.

(Department of Foreign Capital and Overseas Investment)