The Tongzhou Branch Carefully Sorted Out Investment Projects in the District and Actively Communicates With Banks Inside and Outside

2009-05-08

To implement the work arrangement of "expanding domestic demand and promoting steady and rapid development of the economy" by the Central Party Committee, and to make the 100 billion-yuan fund for land reserve and development invested by the municipal party committee and government be in place in 2009, the Tongzhou District is required to fulfill an investment task of 14.4 billion yuan this year according to the municipal central arrangement, 5 billion yuan of which shall be made by the district government. The Land Reserve Center of the Tongzhou Branch analyzed projects carefully, communicated actively with banks inside and outside, and signed a contract to borrow funds from the Tongzhou Branch of ICBC for three land reserve and development projects on April 16.At present, the Tongzhou Branch has identified the initial lending with several banks, and loans for follow-up projects will be implemented in the near future. Meanwhile, the Tongzhou Branch will strengthen supervision of project funds and accelerate the projects to ensure efficient and safe use of these funds.