Sichuan secures 10b yuan for huge panda park
Construction of the planned Giant Panda National Park took a step forward as the Sichuan provincial government has secured funding of at least 10 billion yuan ($1.58 billion) in the next five years.
According to an agreement signed on Tuesday by multiple parties, including the Sichuan provincial branch of the Bank of China and the Sichuan provincial Department of Forestry, the bank is in charge of securing the financing by 2023 for the park's construction.
The agreement, signed at the Chengdu Research Base of Giant Panda Breeding, is a framework aimed at poverty alleviation among residents in the park and infrastructure improvements there, said Zheng Weichao, an official of the Sichuan leading group in charge of planning for the park.