China Development Bank lends 104b yuan for transportation, logistics infrastructure development in Q1

BEIJING -- China Development Bank said it had issued 104 billion yuan ($14.63 billion) in loans during the first quarter of 2024, in an effort to bolster the advancement of transportation and logistics infrastructure projects.

Funds were channeled to key projects nationwide, encompassing construction of the high-speed rail network, hub airport reconstruction and expansion, and national logistics hub construction development, according to the CDB.

Among projects to receive such financing in Q1 were the construction of the Xiamen Xiang'an International Airport and Chongqing-Wanzhou high-speed railway.