[By the end of December 2022, all infrastructure fund projects will be started]On November 28, 2022, the official website of the National Development and Reform Commission (NDRC) showed that Luo Guosan, director of the Investment Department of the NDRC, presided over a video scheduling meeting of the National Fund projects on November 25, and pointed out that the construction and fund payment progress of the two batches of policy-based development financial instruments signed for the projects were better than expected, and the next "final five days of the decisive battle" would be. To achieve the goal of all projects started before November 30. Editor/Xu Shengpeng
Daikin Heavy Industries, a leading wind turbine tower manufacturer, announced that it has signed a supply contract with the Polish shipyard Wulkan in Szczecin to manufacture at least 40 sets of internal platform foundation components for the Nordseecluster B offshore wind power project in the North Sea of Germany. The contract value is approximately 11 million euros. The Phase B project has an installed capacity of 900MW and is planned to be put into operation in 2029. Production will start at the end of February 2026 in Poland, creating approximately 200 job opportunities for the local area.Editor/Gao Xue
The government of Sindh Province in Pakistan has once again sought financing from the Asian Development Bank to restart the Karachi Loop Railway project, which has been on hold for many years. The project is approximately 43 kilometers long, with 24 stations and a total investment of about 2 billion US dollars. It was discontinued in the late 1990s. The Asian Development Bank agrees in principle to support and suggests that the provincial government submit the documents as soon as possible for the board of directors to review. The project was included in the China Pakistan Economic Corridor in 2016, but multiple attempts at revitalization have been hindered.Editor/Gao Xue