$15.5 bil­lion to boost Zhan­jiang’s hub role

China Daily (Hong Kong) - - BUSINESS - By CHAI HUA grace@chi­nadai­lyhk.com

Zhan­jiang , a port city in south­west­ern Guang­dong prov­ince, has en­tered a new stage of de­vel­op­ment as it signed strate­gic co­op­er­a­tion a g r e e m e n t s w i t h 14 l a r g e en­ter­prises on Mon­day.

The agree­ments, with in­vest­ment to­tal­ing 105 bil­lion yuan ($15.5 bil­lion), cover such ar­eas as trans­porta­tion, man­u­fac­tur­ing, en­ergy, health­care, in­dus­trial parks and ur­ban con­struc­tion.

To pro­vide strong fi­nan­cial sup­port for these projects, China De­vel­op­ment Bank and Agri­cul­tural De­vel­op­ment Bank of China signed a loan agree­ment with the city gov­ern­ment to pro­vide Zhan­jiang a line of credit of 130 bil­lion yuan.

China Mer­chants Group signed a co­op­er­a­tive agree­ment with the Zhan­jiang city gov­ern­ment to set up a 10 bil­lion yuan fund for the in­te­grated de­vel­op­ment of the city’s port, in­dus­trial park and ur­ban con­struc­tion projects.

As an im­por­tant share­holder of Zhan­jiang Port Group, CMG aims to es­tab­lish a more mod­ern port with net as­sets of over 10 bil­lion yuan.

CMG said it will adopt the model of “port at the front, in­dus­trial zone in the mid­dle and city at the back” — the ap­proach it took in nur­tur­ing Shekou Port in Shen­zhen — to en­cour­age the over­all de­vel­op­ment of Zhan­jiang.

Since 2007, when Zhan­jiang Port and CMG be­gan to co­op­er­ate, the city’s port econ­omy has been boom­ing. Its rank­ing in terms of cargo through­put among all of the main port cities in China in­creased to No 11 last year from No 18 in 2007, ac­cord­ing to the lo­cal gov­ern­ment.

The Guang­dong Air­port Author­ity has agreed with the Zhan­jiang city gov­ern­ment to build a new air­port in­dus­trial zone of about 3.87 square kilo­me­ters, in­clud­ing a new air­port, an avi­a­tion in­dus­trial park and a bonded zone. The au­thor­i­ties ex­pect the project to stim­u­late rapid growth in avi­a­tion-re­lated in­dus­tries. The in­vest­ment ear­marked for the project to­tals 4.4 bil­lion yuan.

In the man­u­fac­tur­ing sec­tor, China’s Gree Elec­tric Ap­pli­ances plans to in­vest 2.2 bil­lion yuan in its projects in Zhan­jiang.

China Re­sources Hold­ings has agreed to in­vest in Zhan­jiang-based projects in such ar­eas as elec­tric­ity, ce­ment, gas, su­per­mar­kets and sev- eral other in­dus­tries, with a to­tal in­vest­ment of 30.8 bil­lion yuan.

The city gov­ern­ment signed an agree­ment with China Na­tional Off­shore Oil for projects re­lated to gas pipelines and oil­field con­struc­tion.

Zhan­jiang Party chief Zheng Ren­hao said: “The sign­ing of these projects will greatly help our goal to become a hub city on the 21st Cen­tury Mar­itime Silk Road and in the Beibu Gulf re­gion.

“To ac­com­plish the goal, we have out­lined plans for a num­ber of key projects,” he con­tin­ued.

“In the fu­ture, the Zhan­jiang gov­ern­ment will pro­vide good ser­vices for in­vestors so that we can all share the fruit of the city’s progress,” he said.

The city also re­leased 69 pub­lic-pri­vate-part­ner­ship projects with to­tal in­vest­ment of nearly 100 bil­lion yuan. The city gov­ern­ment held a meet­ing to present these projects on Mon­day morn­ing, with about 600 ex­ec­u­tives from 124 com­pa­nies par­tic­i­pat­ing.

Jiang Jian­jun, mayor of Zhan­jiang, said at the meet­ing that the city is in a vi­tal stage of its de­vel­op­ment and the PPP projects will play an im­por­tant role.

He ex­plained the city is striv­ing to ad­vance its in­fra­struc­ture con­struc­tion, pro­vid­ing huge co­op­er­a­tion op­por­tu­ni­ties for the gov­ern­ment and so­cial in­sti­tu­tions. The city also has long-term re­la­tions with 44 fi­nan­cial in­sti­tu­tions, which can pro­vide sta­ble fund­ing sup­port, he added.

Jiang said the gov­ern­ment has estab­lished a PPP data­base, which in­cludes 25 projects with to­tal in­vest­ment of 20 bil­lion yuan so far.

LANG SHUCHEN / FOR CHINA DAILY

Jiang Jian­jun (sec­ond from right first row), mayor of Zhan­jian, in­tro­duces the city’s pub­lic-pri­vate-part­ner­ship projects to in­vestors.

PRO­VIDED TO CHINA DAILY

Zhan­jiang’s new de­vel­op­ment plan high­lights trans­port fa­cil­i­ties, deem­ing it a cru­cial as­pect of lo­cal growth.

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.