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Why does AIIB help natural gas pipeline network construction projects?
According to the report, this is the first project that AIIB has invested in China in recent two years, and it is also the first project that AIIB has invested in China. The person in charge said that greenhouse gas emissions will be reduced through sustainable infrastructure, thus helping Beijing, one of the most important economic centers in Asia, become more dynamic. This investment is perfect.
It is reported that the action of "reducing coal for coal and purifying air" (referred to as "coal for gas") is a key livelihood project of the Beijing Municipal Party Committee and Municipal Government to prevent and control air pollution in the capital and improve the quality of life of residents. Its ecological and social benefits are remarkable, but the demand for project construction funds is large and the payback period is long.
Through full investigation and demonstration in the early stage of the project, AIIB believes that the "coal to gas" project in Beijing is highly consistent with the purpose of service infrastructure construction and environmental protection, and agrees to finance it. The loan from AIIB played a timely role in the project construction. The person in charge of Beijing Gas Group said that the overall project is expected to be completed in 20021year.
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