Guangzhou plans to launch 24 projects involving a total investment of 427 billion yuan within the next two years.
The Guangdong Provincial Government has issued a notice, entitled "Principal Work Tasks in 2011 and 2012 for the Program of the Reform and Development of the Pearl River Delta", to the Guangzhou Municipal Government, city officials announced on March 31.
According to the notice, in the next two years, Guangzhou will speed up its efforts to build a modern system of industries, enhance its indigenous innovation capabilities, promote green development, press ahead with the development of the Guangzhou Nansha New Zone, facilitate the growth of the economic zone that comprises Guangzhou, Foshan and Zhaoqing, and launch 24 projects each with an investment of more than 100 million yuan.
Among the 24 projects, 11 will have an investment in excess of 10 billion, accounting for nearly half of the mega projects to be launched in the two years ahead. Statistics also show that Guangzhou accounts for 30 percent of the 77 mega projects in the Pearl River Delta Region.
These projects are the first ones in Guangzhou after the Asian Games. They are the main part of Guangzhou's "four-year great development" initiative under The Program of Reform and Development of the Pearl River Delta Region (2008-2020).
(Translated by Guangzhou Association of Foreign Affairs Translators)
