The syndicated loan of Shenghong Refining and Chemical Integration Project was signed Tuesday in Nanjing. Fan Jinlong, member of the Standing Committee of the Provincial Party Committee and Executive Vice Governor attended the event and delivered a speech.
The syndicated loan is supported by ten financial institutions including China Development Bank, Export-Import Bank, the Bank of Industry and Commerce, the Agriculture Bank of China, China Construction Bank, Bank of Jiangsu. The total size of the syndicated loan is 41.5 billion yuan, setting a record high in terms of the total amount of syndicated loan financing in Jiangsu.
The Shenghong Refining and Chemical Integration Project is the leading project in the construction of Lianyungang National Petrochemical Industrial Base. Integrating oil refining, aromatics and chemical industry, the project is expected to produce an annual output of 16 million yuan.
This is also the largest private manufacturing project in the history of Jiangsu. upon its operation, the project is expected to produce an annual output value of more than 90 billion yuan with the after-tax profit exceeding 20 billion yuan.
Fan Jinlong hoped that government, banks and enterprises will further deepen their cooperation, form greater synergy to support the development of the real economy, and support the early operation of Shenghong's integrated refining and chemical project.
He asked relevant provincial departments and Lianyungang municipal authorities to further optimize the business environment, improve government services, and promote the greater development of various enterprises and financial institutions.
(Source:ourjiangsu.com)
