NDRC Approves the Foreign Capital Utilization Plan for the NDB Loan
Recently, to support Guangxi to build a faster, safer, and more convenient national and provincial trunk road network, effectively enhance the public service capacity of the road network, improve the multimodal transport conditions of the New Western Land-Sea Corridor, the National Development and Reform Commission(NDRC) has approved the Foreign Capital Utilization Plan for Guangxi Trunk Road Network Improvement Program financed by the New Development Bank (NDB) loans. The total investment of this program is about RMB 5.74 billion, of which about EUR 465 million (about RMB 3.26 billion) is to be borrowed from NDB. The funds will mainly be used for Network capacity improvement, maintenance and service improvement, institutional capacity and program management support, which will be carried out in 14 cities across Guangxi, including Guilin, Liuzhou, and Wuzhou, etc.
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