Life of GuangZhou - Resources Reserves Buildup Tops Guangdong's 5-Year Huge Blueprint

Guangdong Provincial Government launched ten campaigns of strategic economic and communities development for the five-year period of 2008-2012, with a huge budget of ￥2,277 billion (US$ 330 Billion) and involving 222 key projects, as announced at the provincial conference of key constructions in Guangzhou on July 4.

The investment for communications buildup amounts to ￥647.2 billion (US$ 93.8 biliion), the most in the ten, while clean energy, comprehensive values cultivation, transfers of industries and human resource are regarded important campaigns.

The colossal fund for the campaigns is from local government and state-run and private banks, according to Vice Governor of Guangdong Huang Longyun.

Daya Bay Petrochemical Base in Huizhou, Guangdong province. (cnsphoto)

Resources reserves buildup

The buildup of resources reserves will be the prioritized focus in the blueprint, including reserves of cotton and grain, the national petroleum reserves in Huizhou and western Guangdong (to be constructed in 2009-2015), the 800-thousand-ton national petroleum reserve in Shenzhen, and 2 or 3 large transferring lots of coal and charcoal with over-10-million-ton volume.

The petroleum reserve in Shenzhen will greatly benefit Guangzhou, Dongguan, Shenzhen and Hong Kong, an official said.

Some key projects:

￥647.2 billion for inter-city rails, Guangzhou-Dongguan section of Wuhan-Guangzhou Railway, Guangzhou-Shenzhen-Hong Kong Passengers Railway and Trains, Guangzhou-Zhuhai Railway, and Line 4 and Line 6 of Guangzhou Metro;

￥553.4 billion for Ling-ao Nuclear Power Station in Shenzhen (Phase II), and the nuclear power stations in Yangjiang, Taishan and Lufeng;

￥110.4 billion for Banking Innovation Zone in Guangzhou, Ping-an Banking Center in Shenzhen, Guangzhou Trading Center, and Hengqin Convention Complex;

￥70.5 billion for some national and provincial key laboratories and other hi-tech projects;

￥481.4 billion for large shipbuilding bases, auto industry center in Guangzhou, Refining Improvement of Daya Bay Petrochemical Base, Maoming-Zhanjiang Petrochemical Base, and others;

￥93.5 billion for the national petroleum reserves in Huizhou and western Guangdong (to be constructed in 2009-2015), the 800-thousand-ton national petroleum reserve in Shenzhen, and 2 or 3 large transferring lots of coal and charcoal with over-10-million-ton volume.

Others: additional urban water supply system, safe drinking water supply in countryside, eco-treatment of wastes and garbage, development of urban low-rent housing, safe housing renovation in countryside; and standardized construction in schools.

(By Ronald Li)