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Key Projects Push Forward Guangdong’s Development
2011-May-26 Source: Newsgd.com
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In the past five years, Guangdong has invested 1.3 trillion RMB on key projects, a 180 percent increase over the 10th Five Year Period. During the next five years, Guangdong plans to inject 1.52 trillion RMB into infrastructure, 536 billion RMB on modern industry, 124 billion RMB on urban and rural residential communities, and 123 billion RMB on greenery projects.

In the past 11th five year plan period, 777 km of rail lines (including 298 high speed rails) were added to the province. The province also built generators with a capacity of 3.1 million kw and 600 km of natural gas lines. The Hong Kong-Zhuhai-Macao bridge, the Xiamen-Shenzhen Rail (Guangdong section), and Jieyang Chaoshan Airport have all begun construction.

Guangdong also experienced breakthroughs in industry investment in its Sino-Kuwait oil refinery project and the FAW-Volkswagen Guangdong project. Over 30 state owned enterprises invested about 480 billion RMB on projects throughout the province, and 50 new key infrastructure projects are under planning with a total budget of 730 billion RMB.

From 2011 to 2015, Guangdong will expand its local automobile manufacturing by encouraging Guangzhou, Shenzhen and Foshan to develop three whole auto manufacturing centers, and supporting self brand development of Guangzhou Automobile Group Co., Ltd., FAW-Volkswagen Guangdong project, Shenzhen Changan projects and other auto parts productions.

In the petrochemical industry, Guangdong will focus on supporting four oil refining projects, the Zhanjiang Sino-Kuwait Refinery, the Jieyang Sino-Venezuela Heavy Oil Refinery, Huizhou CNOOC Refinery and Maoming Petrochemical debottleneck. Guangzhou Iron and Steel Co. Ltd. will move to new sites and the Zhanjiang steel project will coordinate with its neighboring petrochemical project for energy recycling.

Guangzhou, Shenzhen, Foshan and Dongguan will build 400 km of underground subways in the coming five years. A green lane project will cover the entire Pearl River Delta area and extend to other regions.

The Guangzhou Longxue Shipbuilding Base will be expanded and Zhuhai, Zhongshan and Guangzhou Dagang will start shipbuilding, sea-projects machinery and shipping use diesel engine projects.

280 Key Project This Year

According to Li Miaojuan, former Director General of Guangdong Development and Reform Commission, Guangdong will invest 430 billion RMB on 280 key projects with an emphasis on innovation power enhancement, industry investment and upgrade and double transfer and urbanization during the first year of its 12th Five-Year Plan.

In the first half of 2011, the Guangzhou-Foshan high-speed rail and the Foshan-Dongguan high speed rail will begin construction, while the Guangzhou-Shenzhen-Hong Kong Passenger Rail (Guangzhou South to Shenzhen North section) will be completed and the Guangzhou-Zhuhai high speed rail will be fully operational.

Editor: Olivia
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