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First project financed by BRICS New Development Bank starts operation

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SHANGHAI - The first project financed by the BRICS New Development Bank (NDB) started operation Saturday in Shanghai. The 525 million yuan ($76 million) loan with a maturity length of 17 years was granted to Shanghai Lingang Distributed Solar Power Project, under an agreement jointly signed by the NDB, the Ministry of Finance and Shanghai municipal government in December 2016. Read more

China Daily