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14 Apr, 2014

Chinese bank credits benefit 46 ASEAN transport projects

BEIJING, April 12, (Xinhua) — The Export-Import Bank of China (Eximbank) has provided credit support to 46 transport infrastructure projects in the Association of Southeast Asian Nations (ASEAN) countries by early 2014, a senior executive of the bank told Xinhua Sunday.

With preferential loans from the Eximbank, 24 highways, three railways, one port, three airports and nine bridges have been built, rebuilt or renovated in ASEAN countries, according to the executive.

Take Cambodia where most places had no railways for an example. The bank’s lending has facilitated the country to put in place its national rail system, building railways of about 2,173 kilometers.

Other big-name projects indebted to the Eximbank services include the Second Penang Bridge in Malaysia, the longest sea-crossing bridge in Southeast Asia, and the Luang Prabang Airport in Laos.

The executive said the Eximbank would continue to provide efficient, all-round and professional financial services to ASEAN countries.