Xinhua Nanjing May 22 call (Reporter CHEUNG Jin Pang) 22 afternoon, media reports, “to people borrowing to repair the railway for 16 years outstanding issue, Yancheng City, Jiangsu Province Government responded by saying that over 110 million yuan loan principal and interest payment will be concentrated in the end of July. owned

1995, Yancheng local government for the construction of the new long railway, under the jurisdiction of the county (city, district) and municipal departments by more than 110 million yuan, this loan involves more than 100,000 people. Debt service basis was agreed rail operator points three years, but postponed due to the new long railway construction period until 2008 before the official opening of the passenger, and operators less than the expected benefits, resulting in the repayment of borrowed capital has been delayed.

22 Yancheng repayment issues held a special meeting, check all borrowers object Ledger is announced before the end of June to clean up centralized payment before the end of July, in addition to the principal amount of 110 million yuan, as well as interest, interest-bearing period ended April 1, 2001 until June 30, 2012 rates, according to the same file of the People’s Bank of China.

: CHEUNG Jin Pang