Nansha first in Guangzhou for major project investments

Nearly half of Nansha's projects on infrastructure are for the construction of the comprehensive transportation hub in the Greater Bay Area. [Photo/gznsnews.com.cn]

Guangzhou's Nansha district has completed a total investment of 9.7 billion yuan ($1.37 billion) for 166 local major projects that are listed among municipal major projects, accounting for 18.3 percent of the annual investment plan, both ranking first in Guangzhou.

A total of 203 projects have been listed as major projects in Nansha district this year, including the aforementioned 166 projects, and the overall investment of these projects will reach 85.02 billion yuan.

Projects featuring new infrastructure like 5G, artificial intelligence, industrial internet, and the Internet of Things, costing 318.2 billion yuan, will be offered with green channels to support their further development.

Developing new infrastructure has been considered as an important measure to stabilize investment, expand domestic demand, and boost economic growth.

Anther 62 projects for infrastructure, such as metro line 18, the fourth phase of Nansha Port, and the Qingsheng transportation hub, will see an overall investment of 25.05 billion yuan this year.

More than a half of these projects are related to the construction of the comprehensive transportation hub in the Guangdong-Hong Kong-Macao Greater Bay Area.