Two big data projects in Guian New Area to receive loans

A new computing power industry cluster and an infrastructure project for the super internet and new computing power, to be built in the Guian New Area – located in Southwest China's Guizhou province – received bank credit of 1.68 billion yuan ($236.81 million) on Sept 17.

Since July, Guian Industry and Investment Co has taken the opportunity presented by the construction of the national integrated computing power node in Guizhou. It's made plans for the new OVU Guian digital economy industrial park, the Guian computing power industrial cluster, the Guiyang-Guian super internet and new computing power infrastructure – as well as the Guian Shekou New Valley Industrial Park and a solar power distribution project.

The projects have a total investment of 30 billion yuan and two of them qualified for bank credit after loan applications.

Plans are for the company to accelerate preparations for project cooperation and development agreements, land bids and auctions and the establishment of projects companies.