China Drying Network News informed that the Xizhong Island Petrochemical Industrial Park infrastructure project of Linggang Industrial Zone in Changxing Island passed the review and received a credit line of 11 billion yuan. This is the largest individual credit grant project in the 6 years since Changxing Island was built, and it was also the first major infrastructure project approved by the China Development Bank Corporation in the first half of this year. West Island Petrochemical Industrial Park in the area of infrastructure projects with a total investment of 13.8 billion yuan, involving cofferdam and the breakwater, dredging, site preparation, municipal roads and pipe rack, power and other 14 projects, as well as land, sea and end of sowing 4 relocation projects such as the expropriation of salt fields. It is a world-class petrochemical industrial park integrating Xizhong Island into a petrochemical complex, forming a petrochemical industrial cluster led by PetroChina's refining and chemical projects, which in turn will drive the economic development of Changxing Island and its surrounding areas, and even the economics of the hinterland of Northeast China.
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September 26, 2021