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On January 15, the 4.4 billion yuan syndicated loan signing ceremony for the Kuaicunying-Yingpan (provincial boundary) section of Xinjin Expressway was held at Bank of China Henan Branch. This is the first private expressway PPP project to be implemented in Henan Province. 

The Chairman of the group company Cheng Biao, the Chairman of the Rongsheng company Shang Jianjun, the Executive Deputy Mayor of the People's Government of Xinxiang City Li Yueyong, the Deputy Mayor Dou Jie, the Vice President of the Bank of China Henan Branch Xu Jianhua, the ICBC Henan Province Branch, relevant persons in charge of the Export-Import Bank of China Henan Province Branch, Zhongyuan Bank, Bank of Zhengzhou and China Bohai Bank Zhengzhou Branch and the person in charge of the relevant department of the Government of Xinxiang City attended the signing ceremony. 

Li Yueyong, Executive Vice Mayor of the People's Government of Xinxiang City, introduced the project.

The project of the Kuaicunying-Yingpan (provincial boundary) section of Xinjin Expressway is 69.75 kilometers long with a total investment of 7.486 billion yuan. The starting point is located near Kaicunying, Xinxiang City, connecting the Changgen-Jiyuan Expressway, the ending point is near Jieyingpan at the boundary of Henan and Shanxi Provinces, and docking with the Lingchuan section of Lingchuan-Houma Expressway of Shanxi Province, and it connects the ring Taihang Expressway, Hebi-Huixian Expressway and Linzhou-Ruzhou Expressway in turn, forming a "大" font road network in the area. At present, construction of the subgrade projects of 7 sections and Jinniu Temple service area has begun.

Vice Mayor Dou Jie delivered a speech. He pointed out that the Xinjin Expressway Project is an important channel for Xinxiang to open to the outside world. It is of great significance for Xinxiang to build a modern transportation system and drive the development of tourism and other industries. It will provide the economic and social development of Xinxiang with powerful support.

Vice President of the Bank of China Henan Province Branch, Xu Jianhua, stated in his speech that this project is the first private expressway PPP project to be implemented in our province. It is an exploration and practice of implementing the spirit of the Central Economic Work Conference, giving play to the role of financial institutions, and serving private enterprises to invest in infrastructure projects. It has a strong demonstration effect.

At the signing ceremony, our company signed a Syndicated Loan Contract with 6 financial institutions including the Bank of China Henan Province Branch.

The syndicated loan consists of 6 banks. The Bank of China Henan Province Branch is the leading and agent bank. The ICBC Henan Province Branch, the Export-Import Bank of China Henan Province Branch, Zhongyuan Bank, Bank of Zhengzhou, and China Bohai Bank Zhengzhou Branch are participating banks. 4.4 billion yuan syndicated loan funds will be used for project construction.

The successful signing of the 4.4 billion yuan syndicated loan marks the successful implementation of Henan Province's first private expressway project. It also means the trust and attention of the government and the banks to our company, and it also reflects that our company will never be afraid to lose. 

At the good beginning of 2020, let us ride the wind and break the waves together, hang up the clouds and sail to the sea!