Home News 30 projects inked under China-Singapore connectivity initiative

30 projects inked under China-Singapore connectivity initiative

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CHONGQING, China, 12th April, 2022 (WAM) — A total of 30 cooperation projects worth US$1.82 billion have been inked under the China-Singapore (Chongqing) Demonstration Initiative on Strategic Connectivity.

According to People’s Daily Online, the projects involve finance, information and communication, transportation and logistics, and talent training, according to a meeting of the China-Singapore connectivity initiative implementation committee held Monday.

Among the projects, there are two intergovernmental cooperation projects, 20 commercial cooperation projects worth US$250 million, and eight cross-border financing projects worth US$1.57 billion.

As of 2021, China and Singapore had inked a total of 162 commercial cooperation projects with an amount of US$25 billion and 208 financing projects worth US$23.2 billion dollars.

Launched in 2015, the initiative mainly targets financial services, air transportation, logistics, and information communication.

The initiative is the third intergovernmental cooperation project between China and Singapore, following the Suzhou Industrial Park in east China’s Jiangsu Province and the Tianjin Eco-city in north China’s Tianjin Municipality.

WAM/Esraa Ismail/Lina ibrahim

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