On February 5, the Shandong Provincial Government issued several policies, which propose to optimise the coordination mechanism of local government special bond project arrangement, accelerate the issuance of 218.4 billion yuan of special bonds issued in advance in 2023, and strive to use them all in the first half of 2023. Besides, measures are taken to strengthen the planning and storage of new infrastructure construction, coal storage facilities, pumped storage power stations, far-reaching sea wind power, new energy vehicle charging piles, renewable energy heating in villages and towns, and new support coal storage, new energy and national industrial park infrastructure quality projects to apply for local government special bonds as capital. The policy will be implemented as of the date of promulgation.

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