30 projects inked under China-Singapore connectivity initiative

✔ Fact Checked by TDPel News Desk

By Pelumi Emmanuel

Published: April 12, 2022 | 11:19 AM GMT

30 projects inked under China-Singapore connectivity initiative

CHONGQING, China, 12th April, 2022 – 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.

We are taking you to the next article automatically...You can cancel it below or click Load Now to read it now!

About Pelumi Emmanuel

Pelumi Emmanuel is an accomplished writer and journalist with over 15 years of experience in the industry. He is a passionate and dedicated professional who is committed to producing high-quality content that informs, engages, and entertains readers. Pelumi’s love for reading and writing is evident in his work, which has been read worldwide and has garnered him a loyal following. His journalistic expertise is matched only by his natural talent for storytelling, making his articles both informative and engaging. He lives in California, USA.