Qianhai kicked off construction on seven projects involving 26.4 billion yuan (US$4.18 billion) in investments Wednesday.
The projects include a road bridge project linking Yueliangwan Flyover and Guimiao Road, construction of the headquarters of Xinyi Glass, Huaqiang Group’s Qianhai Headquarters, a startup project of CIMC, a commercial apartment project and a pier renovation project at Mawan Port.
Huaqiang Group’s Qianhai Headquarters covers 6,573 square meters and is funded by Huaqiang Group, one of China’s top 50 electronic information enterprises. The project costs 3.6 billion yuan and will be an enterprise cluster incorporating finance, supply chain, science and technology, new energy and trade.
The bridge project linking Yueliangwan Flyover and Guimiao Road is a major project linking Qianhai with the rest of the city. As it involves the relocation of LNP, petroleum pipelines, protective engineering of Line 11 and Pingnan Railway, the cost is estimated at 800 million yuan. The project is expected to be finished in March 2019 and will enable the trip to Futian CBD by car to be made within 30 minutes.
The renovation of four decade-old piers at Mawan Port will increase cargo throughput to 940,000 TEUs.