New transport and municipal infrastructure, as well as public service facilities, can be expected
As reported on Macao News, investment from both central and local government sources is flooding into the Hengqin Guangdong-Macau In-Depth Cooperation Zone.
The Hengqin Guangdong-Macao In-Depth Cooperation Zone is home to more than 10,000 sci-tech enterprises, of which 328 are high-tech.
More than RMB200 billion (USD31 billion) will be spent on new transport and municipal infrastructure, as well as public service facilities to grow the zone.
To build connections from Hengqin Island to Zhuhai Airport, the Urban Rail Transit Phase II, the Jinhai Express Road, and the Second Hengqin bridge, the Zhuhai Finance Bureau has issued RMB30 billion (USD5 billion).
Hengqin secured RMB6 billion (USD930 million) from the central government and RMB27.34 billion (USD4 billion) from the Guangdong government to develop the island.
Moreover, the General Public Budget and government fund revenues generated in Hengqin are all kept for construction and development. Over the past 12 years, the total has surpassed RMB150 billion (USD23 billion).
So far, the municipal and district governments have funded RMB28.78 billion (USD4 billion) to develop logistics industrial parks and infrastructure between Hengqin and the surrounding Hongwan, Shizimen North, and Hezhou areas.
Meanwhile, at least RMB50 billion (USD8 billion) has been invested in major transport infrastructure, namely the Xianghai and Honghe bridges, Zhuhai Airport Urban Rail Transit Phase I, and Jinqin Express Road.
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