Shanghai invests $15.3b in major projects in H1

Updated: Jul 13, 2023 By China Daily chinadaily.com.cn Print
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A view of the Huangpu River in Shanghai. [Photo/VCG]

Shanghai invested 110.04 billion yuan ($15.3 billion) in major projects in the first half of the year, fulfilling 51.2 percent of its target for the year, according to Shanghai's housing and urban-rural development committee.

These major projects are expected to propel the city's investment growth and lay a solid foundation for its future industrial patterns.

The construction of science and technology industry projects has been accelerated this year, with some 44.42 billion yuan, around 54.4 percent of the annual investment budget, being channeled to these projects.

Infrastructure projects involving the construction of the Beiheng Passageway, the expansion of the G15 Highway Jiajin Section and enhancements to the Youdungang Waterway have also been progressing smoothly.

Work on the Fengmao Road Railway Station, which will be the longest single underground station in China, commenced in mid-June

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