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Agricultural Development Bank of China
Investment

China's Hainan free trade port begins construction on 151 projects

September 14, 2020


Abstract : South China's Hainan Province on Sunday started construction on a new batch of 151 projects, which are meant to advance the free trade port program.

HAIKOU, Sept. 13 (Xinhua) -- South China's Hainan Province on Sunday started construction on a new batch of 151 projects, which are meant to advance the free trade port program.

With a total investment of 40.3 billion yuan (5.89 billion U.S. dollars), the projects include infrastructural facilities, first phase of an aircraft engine maintenance base in Haikou, the provincial capital, a high-end intelligent commodity manufacturing park in the Yangpu Economic Development Zone, and a yacht dock project in the tropical resort of Sanya.

By the end of this year, an investment of 8 billion yuan will be made in these projects.

On June 1, China released a master plan for the Hainan Free Trade Port, aiming to build the whole of Hainan Island into a globally influential high-level free trade port by the middle of the century.

Previously, the province had launched 221 projects in two groups, with a total investment of 77 billion yuan this year for building the free trade port. Enditem

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Keyword: Hainan projects free trade zone

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