Tai'an city in Shandong province signed a strategic cooperation agreement with the Shandong Economic Development and Investment Company for 17 projects totaling 52.5 billion yuan ($7.59 billion) on Dec 29, 2016.

The projects, involving industrial investment funds and policy-related loans, are expected to help the holistic development of Tai'an for merging industries and innovation-driven startups.

A 2.5-billion-yuan fund for industrial investment will be set up to attract social and financial capital for three investments: cultural tourism development, real economy and the direct investment of strategic industries.

Other projects, including new energy public transportation vehicles and a water transfer project from the Yellow River, are also expected to upgrade living conditions in Tai'an.

The Shandong Economic Development and Investment Company specializes in investment guidance, support industry upgrades, public service projects and key infrastructures across the province.

Tai'an city in Shandong province, signs a strategic cooperation agreement with the Shandong Economic Development and Investment Company for 17 projects totaling 52.5 billion yuan ($7.59 billion) on Dec 29, 2016. [Photo/my0538.com]