The project of the extensions of Ningbo Ring Expressway is expected to have syndicate loans of 5 billion yuan. According to the promotion meeting of syndicate loans held yesterday in Nanyuan Hotel, this is a pioneering way for the financing of the urban construction of Ningbo.

　　The extensions of Ningbo Ring Expressway are fast ways that connect the ring expressway to the core areas of the city. There are 11 extensions, whose total length is about 68 km, with the total investment of 8 billion yuan.