The Board of Directors of the New Development Bank has approved the Hubei Huangshi Xingang Modern Logistics Hub Project.

Recently, the Board of Directors of the New Development Bank approved the Huangshi Xingang Modern Logistics Hub project in Hubei, with a loan amount of 1.99 billion Chinese yuan, a loan term of 24 years, including a 5-year grace period. The main construction contents of the project include the construction of logistics infrastructure, logistics service supporting facilities, digital intelligence system construction, and institutional capacity building, aiming to promote the application of railways and air corridors in freight transportation, strengthen interconnection with surrounding industrial enterprises, improve port operation efficiency, and fill gaps in hardware and digital facilities.