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Shandong issues 600 mln yuan ecological special bonds for Changdao

2020/7/22 17:28:36   source:sdchina.com

According to Shandong provincial finance department, in the first half of the year, Shandong continued to issue a special bond for Changdao ecological protection project worth 200 million yuan, which is the third consecutive year that Shandong has issued a separate special bond for Chandao ecological protection project. The rate of the special bond, with an interest rate of 3.55% and a maturity of 20 years, will raise funds for the ecological restoration, governance and infrastructure construction in Changdao.

From 2018 to 2020, Shandong has separately issued 200 million yuan of special ecological bonds for Changdao County every year. The special fund, supported by the provincial finance in subsidy interest, played an important role in the construction of 11 key projects in Changdao Country, such as sea water desalination, sewage treatment, supporting infrastructure of the pilot zone. It also played an positive role in promoting the ocean ecological protection and sustainable development of Changdao.

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