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China's Hainan free trade port begins construction on 151 projects
Updated: September 14, 2020 06:45 Xinhua
An aerial photo taken on Sept 13, 2020, shows the opening ceremony for the third batch of 151 construction projects at the Hainan Free Trade Port, in South China’s Hainan province. The total investment is expected to reach 40.3 billion yuan ($5.89 billion), of which 8 billion yuan is planned for this year. In 2020, a total of 378 projects were launched through an investment of 117.3 billion yuan. [Photo/Xinhua]

HAIKOU — South China's Hainan province on Sept 13 started construction on a new batch of 151 projects, which are meant to advance the free trade port program.

With a total investment of 40.3 billion yuan ($5.89 billion), the projects include infrastructural facilities, first phase of an aircraft engine maintenance base in Haikou, the provincial capital, a high-end intelligent commodity manufacturing park in the Yangpu Economic Development Zone, and a yacht dock project in the tropical resort of Sanya.

By the end of this year, an investment of 8 billion yuan will be made in these projects.

On June 1, China released a master plan for the Hainan Free Trade Port, aiming to build the whole of Hainan Island into a globally influential high-level free trade port by the middle of the century.

Previously, the province had launched 221 projects in two groups, with a total investment of 77 billion yuan this year for building the free trade port.

An aerial photo taken on Sept 13, 2020, shows the opening ceremony for the third batch of construction projects at the Hainan Free Trade Port, in South China’s Hainan province. [Photo/Xinhua]
An aerial photo taken on Sept 13, 2020, shows the opening ceremony for the third batch of construction projects at the Hainan Free Trade Port, in South China’s Hainan province. [Photo/Xinhua]
An aerial photo taken on Sept 13, 2020, shows the opening ceremony for the third batch of construction projects at the Hainan Free Trade Port, in South China’s Hainan province. [Photo/Xinhua]
An aerial photo taken on Sept 13, 2020, shows the opening ceremony for the third batch of construction projects at the Hainan Free Trade Port, in South China’s Hainan province. [Photo/Xinhua]

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