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Guangzhou’s Nansha invests 626bn yuan to boost development

2021-March-9       Source: Newsgd.com

Nansha, a district located in the south of Guangzhou, invested in 202 projects to boost area development, according to Nansha Development and Reform Bureau on March 8.

Nansha, a district located in the south of Guangzhou, invested in 202 projects to boost area development, according to Nansha Development and Reform Bureau on March 8.

These projects cover four major fields including infrastructure, modern industries, public service and urban regeneration. The annual investment and total investment are expected to exceed 92 billion yuan and 626 billion yuan respectively.

To improve the district’s business and living environment, Nansha invested in 59 infrastructure projects to optimize its transport networks, building more high-speed train lines, metro lines, expressways and bridges. The projects also include hospitals, public service centers, an international secondary school and the Hong Kong University of Science and Technology (Guangzhou).

 

In addition, the district highlighted 112 projects where it invested more than 175 billion yuan in total to boost the development of high-technologies, advanced manufacturing and financial services. These projects include the industrial base of CAS Space Exploration which features the functions of rocket research & development, manufacturing and testing. It’s anticipated that the base will be capable to produce 30 rockets per year once completed.

 

Author: Jasmine, Russell

Editor: Jerry

Editor: Jasmine

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