Guangzhou plans to invest 129.4 billion yuan in 345 major construction projects this year, according to a February 24 Guangzhou government work conference.
Last year, Guangzhou completed 186 key projects with a total investment of 125.6 billion yuan, accounting for 22 percent of the city’s fixed-asset investment.
The city will continue this year to strengthen its efforts to complete major projects, placing priority on infrastructure and industry.
Construction of three international hubs — shipping, aviation and scientific innovation — is being accelerated. The third phase of the Nansha Port has been completed. Also, construction has commenced on the widening of Nansha’s deep-water shipping channel, the international cruise port at Nansha and nine Internet innovation cluster projects in Pazhou.
Regarding key infrastructure projects, construction of Hedong East Station of Metro Line 11 will soon start. Five intercity railways are being extensively expanded. And work on Guangzhou’s Seventh Thermal Power Plant has started a trial run.
The city will pay close attention to industrial projects related to information technology, big data, cloud-based platforms, new energy and Internet of Things, endeavoring to create a better environment for their development.
In addition, Guangzhou is going to establish an advanced manufacturing industries cluster. Leading projects in the cluster include the GE biological park, the Foxconn eco-industry park for new-generation information technology, the wisdom science park of Cisco, the organic light-emitting diode (OLED) industry park of LG Electronics Inc. and an auto parts industry park.
Officials are also mapping out new plans for infrastructure projects, including metro, railway, airport and highway, to connect with surrounding cities.
(By Penny Liu, Louis Berney)