Qi Lu Wan Bao·2025-06-25 12:17Core Viewpoint - The Shandong branch of the Bank of China successfully implemented a financing case for the Weifang Zhucheng Natural Gas Pipeline Project, recognized as a typical case of the "Financial Directly Reaching the Grassroots" initiative, demonstrating effective financial service delivery to rural areas [1][2]. Group 1: Project Overview - The Weifang Zhucheng Natural Gas Pipeline Project is a significant infrastructure initiative with a total investment of 330 million yuan, benefiting over 62,000 households [4]. - The project aims to enhance clean energy access in rural areas, contributing to the local economy and improving living standards [1][5]. Group 2: Financial Mechanism - The Shandong branch of the Bank of China established a three-tiered efficient coordination mechanism to facilitate financial services, resulting in an average project approval time reduction of over 30% since the initiative's launch in November last year [2][4]. - A breakthrough financing solution was developed based on the future gas charging rights of the enterprise, allowing for a pledge financing model that bypassed traditional collateral requirements [4][5]. Group 3: Implementation and Results - The financing process from application to disbursement was completed in just 10 days, with 200 million yuan allocated to the project [5]. - The project is expected to generate an annual gas supply of over 50 million cubic meters, with projected annual revenue for the enterprise reaching 180 million yuan based on current gas prices [5].