Equipment renewal loan belongs to the project loan

Is it a project loan. on September 28th, the PBoC released a news release saying that the PBoC has set up a special refinancing loan for equipment renewal and reconstruction, specially supporting financial institutions to provide loans at an interest rate of not higher than 3.2% to the manufacturing industry, the social service sector, and the micro, small, medium and medium-sized enterprises (MSMEs), and individual entrepreneurs for the purpose of equipment renewal and reconstruction.