China Development Bank will raise 149.6 billion yuan in 2021 to support ecological protection and high-quality development in the Yellow River Basin

2022-05-15 0 By

According to the China Development Bank (CDB), the bank will lend 149.6 billion yuan in 2021 to help the construction of key ecological protection areas such as comprehensive management of the Yellow River basin and water security, support the modern industrial system, protect and carry forward the Culture of the Yellow River, and improve the quality of people’s livelihood.In terms of ecological protection of the Yellow River basin, the bank will issue loans of 17.3 billion yuan in 2021 to help protect the Mother River, focusing on key areas such as water security and comprehensive watershed management, according to the report.Taking water security as an example, the BANK has supported water resource allocation projects in central Shanxi Province, such as the Yellow River Diversion project, and promoted the pilot construction of sponge cities in Qingyang in Gansu province and Qingdao in Shandong Province.A 1.02 billion yuan loan was provided to lanzhou water source construction project to support the construction of new water sources and water plants and solve the water problem for 4.36 million residents.To support desertification prevention and control projects such as the China-Israel Desertification Control Ecological Industrial Park in Inner Mongolia, and assist in soil and water conservation;We will support a number of river and lake comprehensive improvement projects, covering the first and second tier tributaries of the Yellow River and urban inland rivers (lakes) such as the Duck Pond in Yuncheng.In terms of pollution control, the bank has implemented a special financial service of “100 billion yuan for 100 counties”, and built high-standard waste and sewage treatment facilities covering county towns and rural areas.We provided a loan of 2.45 billion yuan to promote the implementation of the whole-area garbage classification project in Tai ‘an city, benefiting 5.58 million local people.In terms of high-quality development of service basins, the DEVELOPMENT Bank will issue loans of 132.3 billion yuan in 2021 to support the development of regions along the Yellow River, focusing on key areas such as infrastructure, modern industries and improving weak links in people’s livelihood.Taking infrastructure as an example, the government has focused on the jingnings-Tianshui expressways and the Zhengzhou-Jinan Puyang-Jinan railway projects to promote cross-regional transportation connectivity.In Qinghai, THE DEVELOPMENT Bank lent money to support the construction of the Qinghai – Henan HVDC power transmission project, which is of great significance for ensuring the safe and reliable supply of electricity in central China as an uHV channel for delivering clean energy in China.In terms of modern industries, we will support the development of high-standard farmland of one million mu at the Shanxi provincial level, the development of agricultural parks such as the Distribution center for Agricultural and Sideline products on the Qinghai And Tibetan Plateau and the Yangling Demonstration Park for processing and Trade of agricultural products in Shaanxi province, and help develop industries with ecological characteristics.On improving areas of weakness in people’s wellbeing, we supported the development of medical education in poverty-stricken areas, such as the relocation of the Wushan County People’s Hospital and the comprehensive development of Astragalus membranaceus in Zizhou, Shaanxi Province.To protect and carry forward cultural heritage, it has promoted the renovation and renovation of famous scenic spots such as hukou Waterfall on the Yellow River and the Ancient City of Song Capital in Kaifeng.The development bank said that it would give full play to the role of financial pacessetters, focus on goals, be down-to-earth, work hard and contribute to the development of financial resources to promote ecological protection and high-quality development of the Yellow River Basin.