China EximBank to finance China Railway's global projects
Updated: 2015-11-20 09:58
(Xinhua)
|
|||||||||||
BEIJING - The Export-Import Bank of China (China EximBank) on Thursday signed a lending agreement with China Railway Corporation to help the latter explore global markets.
The bank will grant the railway contractor a line of credit of up to 500 billion yuan ($80 billion) for major infrastructure projects, according to the agreement.
China Railway is speeding up efforts to increase its overseas presence.
The company and four Indonesian firms have agreed to set up a joint venture to build a high-speed railway linking Jakarta and Bandung, the first overseas high-speed railway project for a Chinese company.
The project is expected to start in November 2015 and take three years to complete.
The bank also promised further support to China Railway on railroad construction in Laos and Thailand with another 330 billion yuan in loans in the future.
Related Stories
Rail manufacturers target $102b in sales within five years 2015-11-19 13:50
High-speed trains pass major speed test of 385 km/hour 2015-11-19 11:07
German rail firm poised to procure parts in China 2015-11-18 07:59
China to step up ties with neighbors 2015-11-17 10:21
High-speed train for extreme weather wins approval 2015-11-13 07:45
China makes bullet train that runs in extreme cold weather 2015-11-11 13:22
Today's Top News
Suspected mastermind of Paris attacks died
Xi condemns murder of man taken hostage by IS
'Schweppes bomb' used to bring down Russian plane
Paris suburb raid targets suspected attack mastermind
France, Russia launch more strikes against IS
England fans sing French national anthem
France requests European support in Mid East
Hollande pressed to amend foreign policy
Hot Topics
Lunar probe , China growth forecasts, Emission rules get tougher, China seen through 'colored lens', International board,
Editor's Picks
|
|
|
|
|
|