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RMB 100 Billion Worth of Investment Projects Unveiled
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Reading:561 Origin：Guangzhou Cucheng Service Group Refresh time:2015-4-10 |
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The first China Guangzhou Annual International Conference opened on March 26, drawing nearly 1,800 participants from around the world. At the conference, Guangzhou officials promoted 21 investment projects worth over RMB 110 billion.
The projects include one rail transport project, one port development project, one cultural project, one eldercare project, one financial service project, two expressway projects, three transportation hub projects, and three equipment manufacturing projects, four environmental protection projects, and four municipal facility projects. Tw0-thirds of the projects are located in Nansha, Huangpu and Zengcheng, three national-level development zones. Officials from Nansha New District, whose overall scheme for the pilot free trade zone has just been approved, unveiled three substantial projects – one for financial service, one for port development, and one for advanced manufacturing.
By value, more than RMB 100 billion worth of the projects are relating to shipping logistics and transport, including rail transport, transport hubs, expressways, and port development. Super infrastructure is essential for Guangzhou's program of building an international shipping center and logistics center.
The single best project by value is Metro Line 11, which is expected to cost RMB 41.472 billion, followed by the Guangzhou Railway Station Renovation Project and Guangzhou North Station Integrated Transport Hub Project, at RMB 27.03 billion and RMB 10.7 billion, respectively. The two expressway projects - the South Express Line and the Second Airport Expressway – are expected to cost RMB 12.133 billion and RMB 10.8 billion, respectively |
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