On the afternoon of December 26, Shantou City held the signing ceremony of strategic bank cooperation for Shantou Bay Tunnel Project. The syndication composed of 7 banks including the Bank of Communications Shantou Branch would jointly provide RMB 6.5 billion of syndicated loan for Shantou Bay Tunnel Project. This is by far the largest syndicated loan for people's wellbeing project in Shantou City.
Bay Tunnel is the major infrastructure traffic engineering of CITIC Binhai New City Project jointly created by Shantou Municipal Government and CITIC Group with the mode of PPP. The total length of the Tunnel is about 6.68 kilometers and the total investment is about RMB 6 billion. It is one of the longest shield-type cross-harbor tunnels in China. It is planned to be completed and put into operation by 2020.
Source:Shantou Daily, Dec 27, 2016