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Construction starts on 100 major projects for Hainan free frade port

April 14, 2020


Abstract : Construction started on 100 major projects concerning the infrastructure, industrial development, and people's livelihood in south China's Hainan free trade port on April 13, reported the Xinhua-run cnstock.com Monday.

BEIJING, April 14 (Xinhua) – Construction started on 100 major projects concerning the infrastructure, industrial development, and people's livelihood in south China's Hainan free trade port on April 13, reported the Xinhua-run cnstock.com Monday.

These projects, which are well selected further to boost the construction of Hainan free trade port, involve a total investment of 489 billion yuan.

To be specific,  two projects each with an investment above five billion yuna, account for 13.9 billion yuan or 28 percent of the total investment; eight projects each with an investment between 1-5 billion yuan, account for 16.1 billion yuan or 33 percent of the total; and 46 projects each with an investment of 0.1-1 billion yuan yuan, account for 17 billion yuan or 35 percent of the total investment; and 44 projects each with an investment below 100 million yuan, account for 1.9 billion yuan or four percent of the total investment.

Meanwhile, a total of 100 projects were contracted on the same day as the construction started.

It is noted that the construction of 893 projects has been started in Hainan in the past two years, involving a total investment of 4,841 billion yuan. (Edited by Jiang Feifan with Xinhua Silk Road, 346129473@qq.com)

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Keyword: project construction Hainan Free Trade Port

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