Sep 26, 2013 02:53 PM

NDRC Lets Firms Pay for Shantytown Work with Bonds

By staff reporter Yang Na

(Beijing) – The government's top planning agency beefed up financing for companies involved in rebuilding shantytowns by allowing them to cover nearly three-quarters of the cost via bonds.

Rebuilding shantytowns is a major part of the government's urbanization plans.

A notice published on the website of National Development and Reform Commission (NDRC) on September 25 said that companies involved in shantytown projects can issue corporate bonds.

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