Bundled loans can be divided into three types according to the differences in the project's own income

The first type: public welfare projects that have no direct economic benefits and rely entirely on government financial support Bundling mainly includes urban roads, bridges and culverts, public health, environmental improvement and other projects. Loans for this type of project are mainly based on the financial strength and credibility of the local government. The government usually issues a repayment commitment letter or includes the annual loan principal and interest in the local government’s expenditure budget as a credit structure;

The second type: The project itself has certain economic benefits, but it requires government financial subsidies to achieve financial balance. It mainly includes urban rail transit, affordable housing, garbage treatment, sewage treatment and other quasi-public welfare projects bundled together. Such projects are mainly financed by financial subsidies, Repayment commitments issued by the government serve as the credit structure;

The third type: the project bundle has direct economic benefits, can achieve its own financial balance, and operates in full accordance with market principles, mainly including land Reserves and other projects. Although such projects have different land uses and ease of transfer for individual plots, multiple plots are bundled together, and the comprehensive income obtained can cover the repayment cash flow. Such projects follow the requirements of ordinary project financing. Perform operations.

According to the structure of the project, it can be divided into two types

First, homogeneous projects are bundled together, for example: building multiple urban roads or multiple expressways. Bundle together.

The second is to bundle dissimilar projects together, such as bundling multiple urban infrastructure construction such as municipal roads and garbage disposal.