NETDA secures record funding approval for development projects

In a recent development, national authorities provided feedback on the list of projects prepared for the second batch of local government special bonds for the year 2024. The Nantong Economic and Technological Development Area (NETDA) received approval for two projects with a total funding allocation of 532 million yuan ($74.54 million), marking the highest approved amount in recent years.

Throughout this year, the financial bureau of NETDA has proactively seized policy opportunities, actively sought bond funding, and accumulated a total approved amount of 909 million yuan. This strategic approach leverages policy dividends to drive a new phase of high-quality development across the entire region.

The bureau aligns closely with development needs by incorporating projects that address development requirements and societal concerns into the reserve for special bond applications. Moreover, local authorities are actively collaborating with relevant departments to stay abreast of the latest developments in special bond policies, continuously enhancing the relevance and feasibility of project applications to ensure precision and maturity in project submissions.

An aerial view of NETDA. [Photo/WeChat account: gh_78ba52d6e1ed]