Baiyun bank issues 336.9m yuan to support infrastructure construction

The Baiyun branch of the Agricultural Development Bank of China has invested 336.9 million yuan ($50.55 million) in funds to ensure the capital requirements of major national infrastructure projects in Southwest China's Guizhou province.

A total of three projects have received such funds. They were included among the major national construction projects, with a total project investment of 3.37 billion yuan.

The projects include a new liquefied natural gas (LNG) tank container logistics distribution center, a scientific and technological innovation industrial park, and an electronic information manufacturing industrial park.

After the projects are completed, the funds will be used to eliminate weak links in major energy infrastructure, which will help accelerate the development of local high-tech industries, adjust the layout of local productivity and promote sustainable economic development.

In addition, project construction can provide a large number of jobs and have a greater positive effect on employment.