On April 11th, according to Foshan Key Project Bureau, Foshan's provincial and municipal key construction projects completed an investment of RMB 38.769 billion in the first quarter, accounting for 32.3% of the annual planned investment, a 12.52% increase from the same period last year, and exceeding the schedule by 7.3 percentage points.

In 2023, Foshan has arranged 546 provincial and municipal key construction projects with a total investment of RMB 1.07 trillion and an annual planned investment of RMB 120.007 billion. Among them, there are 211 provincial key projects, with an investment of RMB 22.713 billion in the first quarter, accounting for 30.3% of the annual planned investment. There are also 335 municipal key projects, with an investment of RMB 16.057 billion in the first quarter, accounting for 35.7% of the annual planned investment.

In the first quarter, Foshan made full efforts to speed up the landing and construction of projects. The infrastructure engineering, industrial engineering, and livelihood engineering projects completed investments of RMB 9.311 billion, RMB 26.427 billion, and RMB 3.031 billion respectively, accounting for 22.7%, 39.4%, and 25.7% of the annual planned investment. Among them, in terms of industrial projects, the construction of projects such as the biotechnology industry, high-end equipment manufacturing, new materials industry, and modern service industry is progressing rapidly, with investment completion rates exceeding 40%.

Several major manufacturing industry projects, such as the GBA Gold and Jewelry Innovation Ecological City and the Carlsberg (Foshan) Beer Production Base Project have started construction. Preparatory projects have also started construction ahead of schedule.

In order to promote a good step for the economy in the first quarter, Foshan held a "competitive bidding, racing for the first place" major project construction activity in five districts, to drive large investments with these projects and support the manufacturing industry and high-quality development. At the same time, Foshan issued the provincial and municipal key construction project plans for 2023, strictly implementing project "list-based" management, strengthening project progress tracking and consultation, focusing on solving “blockages” that restrict project construction, and promoting a group of major projects to start construction.

Reporter | Linn

Revisor | Eleanor, Eddie

Photo | Foshan Key Project Bureau