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NDRC Approves the Foreign Capital Utilization Plan for the NDB Loan

to Anhui Province Roads Development Project

  Recently, the National Development and Reform Commission (NDRC) approved the Foreign Capital Utilization Plan for the New Development Bank (NDB) Loan to Anhui Province Roads Development Project, with a view to improving Anhui Province’s ability to construct and manage green roads, perfecting the development of national and provincial trunk highway networks and promoting the coordinated development of regional economy. The total investment of this project is 8.23 billion RMB, of which 340 million Euro (equivalent to 2.65 billion RMB ) is to be borrowed from NDB. The funds will be used for the development of green roads, upgrade of national road G328 Dingcheng to Yongkang Section (Grade I), etc., application of new technologies on intelligence and safety of transportation, and capacity building.

(Department of Foreign Capital and Overseas Investment)