Zhengzhou multimodal hub gets 123.5 million euros loan for logistics infra-construction from AIIB
Zhengzhou International Land Port (Photo: Zhengzhou Daily)

According to the Ministry of Finance of China on August 9, the Ministry of Finance and the authorized representative of the Asian Infrastructure Investment Bank (AIIB) officially signed a loan agreement for the construction of the Zhengzhou International Land Port Multimodal Logistics Hub. The loan amount of the project is 132.5 million euros, and the loan term is 15 years (including a 4-year grace period).

It aims to promote the construction of a multimodal transport logistics hub in Zhengzhou, enhance the comprehensive service capabilities of China-Europe freight trains and speed up regional interconnection.