Agricultural Bank of China to give priority to supporting River governance

July 21st, the Agricultural Bank of China Qinghai branch and the Qinghai Provincial Department of water resources held a comprehensive strategic cooperation agreement signing ceremony. According to the agreement, the Agricultural Bank of China branch in Qinghai province will actively support the the Yellow River and the Yangtze River, Huangshui River basin management, water resources engineering, water conservancy, drinking water safety, water conservancy construction, give priority support in terms of credit policy, resource allocation, operation efficiency of Water Resources Department of Qinghai Province, to provide high-quality, modern financial services efficient and convenient.

signed the strategic cooperation agreement, specific actions to thoroughly implement the Ministry of water conservancy and agricultural bank strategic cooperation agreement, is also a branch of the provincial water resources department and further promote an important measure both complementary advantages, mutual cooperation and win-win relationship. The signing of the agreement, marking the two sides will move towards a broader field, which means that in the future there will be more credit funds to participate in the construction of water conservancy.

in recent years, the national and provincial Party committee and government attach great importance to and vigorously support, the province’s water conservancy investment increased year by year, water conservancy construction ushered in unprecedented opportunities for development, and achieved remarkable results. "13th Five-Year" period, the water is still the focus of investment in infrastructure construction and priority areas. Our province water conservancy infrastructure construction, weak debt, a huge demand for funds, in accordance with the "12th Five-Year" period of investment scale, "13th Five-Year" water conservancy project still can not meet the requirement of the construction of financial investment. Preliminary estimates, in the "13th Five-Year" period, 7 major water conservancy construction to implement the focus only requires provincial investment of nearly 6 billion yuan. The signing of the strategic cooperation framework agreement, is to make up for the shortage of funds for infrastructure construction funds through credit funds. According to the strategic cooperation agreement, the next ten years, the Agricultural Bank of China branch in Qinghai will invest no less than $2 billion credit line to support the construction of water conservancy projects in key areas of cooperation between the two sides.

 

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