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Zhuhai to Invest RMB317 Billion on Upgrading Infrastructure

Posted on April 23, 2009 by China Briefing

Apr. 23 – The port city of Zhuhai in Guangdong Province is set to invest RMB316.9 billion to upgrade its infrastructure with 67 public works projects for this year alone.

The shipbuilder, CSSC Jiangnan Heavy Industry, has already provided RMB44.3 billion in a shipyard in the city. Energy company, CNOOC , has plans to invest RMB5 billion in a marine engineering program and RMB7 billion in an onshore natural gas terminal in the area. The funding will be used to improve its seaport, airport and superhighway facilities

This entry was posted in Economy and Politics, FDI and Foreign Trade, Shipping & Logistics, South China. Bookmark the permalink.

2 Responses to Zhuhai to Invest RMB317 Billion on Upgrading Infrastructure

Sam says:

May 15, 2009 at 12:07 pm

I live in Zhuhai and the thought of these amounts of money seems unlikely.

Perhaps 317 Billion is more likely to be 317 Million or also but less likely 31.7 Billion because of mistakes in the translation.

please confirm this
Editor says:

May 15, 2009 at 3:26 pm

Dear Sam,

The figure is correctly translated as it appears here: http://active.zgjrw.com/News/2009420/bankchina/638822800700.html