China rural policy bank bolsters infrastructure projects support

BEIJING - The Agricultural Development Bank of China, a rural policy bank, has provided 245.9 billion yuan ($34.58 billion) in a fund to support infrastructure projects.

The fund, established on July 20, has been funneled to 1,677 projects with a total investment of 3 trillion yuan, according to the bank.

The fund aims to support sectors such as municipal infrastructure, industrial parks, transportation, rural infrastructure, energy, and cold-chain logistics, the bank said.

The bank will continue to strengthen post-investment management to ensure that the construction of the funded projects is carried out promptly, it said.