China Railway Construction Corporation gets 20 bln yuan bank loan

China Railway Construction Corporation and China Development Bank signed on May 25 a cooperation agreement on development financing, according to which the bank will provide all-round financial service to the corporation, as well as a loan totaling 20 bln yuan between 2005 and 2010.

China Railway Construction Corporation is a super-large state-owned construction enterprise. With a turnover reaching 91.2 billion yuan last year, it ranks the 15th among the world's 225 largest contractors.

By People's Daily Online