Beijing announces $35.9 billion investment package for 300 urban projectsChristian Fernsby ▼ | February 23, 2020
Beijing has announced to push forward 300 urban projects in 2020, involving 252.3 billion yuan ($35.9 billion) in investment.
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Topics: Beijing investment
Under the blueprint, the city will this year start or continue building 16 urban rail projects, including Line 22, a subway line that will extend to the city's northeastern suburban district of Pinggu.
The infrastructure package also includes 28 road projects, 11 waterway projects and six waste transportation and treatment projects.
The 100 livelihood improvement projects, with 130.9 billion yuan in planned investment, will push for the completion of 90,000 subsidized houses this year. Also on the construction list are a number of new university campuses, hospitals, old-age and other facilities.
Projects in the high-tech category include experimental devices for extreme conditions, an integrated circuit production line and 5G facilities, according to the commission.
The city government said a special team would be set up to ensure the construction of the key projects and would not be affected by the ongoing coronavirus epidemic. ■