Hengqin New Area Integrated Development Project Launched (China)
On January 14, the launch ceremony of the integrated development project of Hengqin New Area & the inaugural ceremony of CCCC South Investment Development Co., Ltd. with a total investment of 38 billion yuan took place in Zhuhai.
With a total investment of 38 billion yuan, as CCCC’s largest single investment project, the integrated development project of Hengqin New Area in Zhuhai involves the municipal infrastructure on Hengqin Island and the southern artificial island, with an investment of 15 billion yuan and 23 billion yuan respectively. The island will be developed in the mode of “investment and construction integration (BT)”, with an investment, construction and operation period of 14 years.
To further cement cooperation and boost Zhuhai’s economic development, in late 2012, CCCC established CCCC South Investment Development Co., Ltd. in Hengqin New Area and the financial headquarters of the company to vigorously develop its financial industry, capital operation and headquarters economy.
The project’s launch and the company’s inauguration marks the beginning of CCCC’s efforts to fulfill the strategy of national development of Hengqin and the magnificent blueprint of building world top Hengqin New Area. The project will boost the development of the cooperation between central enterprises and local governments, and build a model for such cooperation.
Press Release, January 24, 2013