In order to speed up the issuance and use of special bonds, Shandong Provincial Finance Department recently allocated the second batch of special bonds in 2020 with a quota of 9 billion yuan ahead of schedule, to facilitate the resumption of key projects in the first quarter in the province.
The second batch of special bonds will be mainly invested in 46 key projects in the fields of major infrastructure and people's livelihood designated by the central and provincial governments. Specifically, 3.83 billion yuan out of the total amount of the second batch of special bonds will be used for municipal construction projects such as water supply and sewage treatment, 1.7 billion yuan for railway and highway projects, 1.18 billion yuan for ecological and environmental protection projects, 980 million yuan for agricultural, forestry and water conservancy projects, and 430 million for public health and vocational education projects.
At present, the preparation for the issuance of this batch of special bonds has been basically completed and will be issued by the provincial finance department in late February. Together with the first batch of special bonds issued in January, the province has totally issued 80.6 billion yuan in 2020 ahead of schedule, which will create favorable conditions for the resumption of key projects in the first quarter and boost effective social investment.