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US $ 4 billion loan for the first private high-speed train project in China



High Speed ​​Railway Station in China

China's first private-sector high-speed rail project has contracted a $ 28.1 billion ($ 4.18 billion) loan, reported by the official Xinhua news agency.

China's Development Bank, China's Industrial and Commercial Bank, China Construction Bank, China Agricultural Bank and two other banks will provide a loan for a project led by a consortium led by Fusun International and Zhejiang Provincial Government.

The total planned investment in the project is estimated at 44.89 billion yuan.

China has supported the support of private sector companies in addressing rising costs and financing difficulties, as growth in the world's second largest economy is facing increasing pressure to slow down.


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