Yueyang Has 191 Projects Under Construction in First Quarter

Yueyang City’s first quarter economic work and industrial project construction work review meeting was held on April 20, 2021. It announced that in the first quarter of this year, the whole city highlighted industrial projects construction, and paid close attention to the implementation of the projects and the achievement of production. There were 191 projects under construction in 10 industrial parks and zones, including 119 under construction and 72 newly started. The number of projects under construction increased by 22 year on year, an increase of 13%.

Increased project reserves

A total of 107 industrial projects were signed in the 10 industrial parks and zones, 66 more than last year. The contracted investment was 33.98 billion yuan, 230% more than the same period last year. The 107 newly-contracted projects were 100% in line with the development direction of the leading industries. Among them, 49 projects were engineering machinery, electronic information, new energy, and new materials industries, accounting for 45.8% of the total.

Accelerated project investment

The 191 projects under construction completed an investment of 8.77 billion yuan, increased by 82%. Among them, the newly-started ones completed an investment of 2.85 billion yuan, grew by 102%. The continuously-constructed ones completed an investment of 5.92 billion yuan, an increase of 73.6%. The 32 major industrial projects jointly organized by the municipal leaders proceeded smoothly. The investment of 4.32 billion yuan was completed in the first quarter, accounting for 16.9% of the annual plan. Among them, the investment in continued and new projects was 2.19 billion yuan and 2.12 billion yuan respectively, accounting for 14.6% and 21.5% of the annual plan. The “two-machines” precision casting projects of aero-engine and gas turbine completed 66% of the annual investment plan in the first quarter.

Faster project operation

In the first quarter, 13 projects were put into production and 72 projects newly started, 19 more than the same period last year. Among the 107 newly contracted projects, 40 started construction as scheduled. In particular, 8 projects in Yueyang City have been included in the provincial Three Highlands and Four New Missions Strategy major industrial support project database, including 4 new and continuous projects each, with a total investment of 48.65 billion yuan. This year Yueyang government planned to complete an investment of 10.25 billion yuan. In the first quarter, all the 8 projects all started construction, with a completed investment of 1.87 billion yuan, accounting for 18.3% of the annual plan. The first phase of four projects including Amer Miluo Renewable Resources Industrial Base and INTCO will be completed and start trial production within this year. The Longzhi new materials and Chinafloors projects will be put into full production.

Translator: Yu Jiangjiang

Chinese source: hunan.gov.cn