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| Gaolan Investm ent surges | |||||
| Author:佚名 ArticleSource:http://www.zhuhai.gov.cn/ Hits: Update Time:2006-8-15 | |||||
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Statistics show that the Gaolan Port Economic Area is experiencing unprecedented and increasingly fast economic return. The GDP growth rate and industrial-added value exceeded 20 per cent each. Both taxation and fiscal revenue increased by 36 per cent each, 22.6 and 33.6 per cent higher respectively than that last year. Taxation and fiscal revenue of the area came mainly from the industrial-added value, the proportion of which reached 84 per cent. Seven industrial businesses achieved output value of 100 million yuan ($12.1 million) or above each in the first six months, 10 per cent more than the total of the industrial businesses. Power, energy, petrochemical, iron and papermaking have become pillar industries in the area. What's more, some major projects are coming into the last stage of approval or operation this year. For example, the No. 3 and No. 4 units of the power plant with a total investment of 5.6 billion yuan ($679 million) are expected to commence production this year. The PTA second phase will go into operation as scheduled, and the aromatic hydrocarbons project of Zhuhai Zhenrong Inc, Shell lubricants, Guangdong LNG Receiving Station, Liancheng second phase are on the phase of final approval. Moreover, oil platform, ship container, special steel tube and lake asphalt and some other large projects have applied for approval. These projects will help to increase the number of enterprises with output value exceeding 100 million yuan ($12.1 million) each to 20 during the 11th Five-Year Plan Period, forming industrial clusters and chains in the area. In the first six months of the year, the increase rate of actually utilized foreign investment and inland investment both exceeded 110 per cent in the area. With the construction of manufacturing and port projects, civil works such as the east dyke in the port area, public corridor of liquid chemicals, public sea route, earth filling and sewage treatment system are under construction as well. It demonstrates that the construction of government-invested support facilities is synchronized with that of major industrial projects. Incomplete statistics show that manufacturing projects in the area are opening to a total investment of 50 billion yuan ($6.06 billion) and the four wharfs under construction and the seven wharfs in the application stage have a total investment of 20 billion yuan ($2.4 billion). Jiao Lansheng, director of the management commission of the Gaolan Port Economic Area, announced that the increase of investment into fixed assets during the 11th Five-Year Plan Period will be steady at 30 per cent or above. The merger of Nanshui Town to the Gaolan Port Area, which now has a total area of 180sqk, and decentralization of the management and accounting system are expected to immensely spur development of the area, industry insiders say. Deng Weilong, secretary of the municipal Party Committee; Mayor Wang Shunsheng; Xian Wen, a member of the Standing Committee of the municipal Party Committee and executive vice mayor; along with leaders of the Gaolan Port Economic Area, visited the headquarters of PetroChina Co Ltd, Beijing, and explored possibilities of further cooperation on Thursday. Executive VP Duan Wende and his staff extended a warm welcome to the guests from Zhuhai. Deng reported on Zhuhai's social and economic development and pointed out that Zhuhai is gifted with new opportunities with improvement of traffic infrastructure and development of the petrochemical industry in Gaolan Port Economic Area, which is to fuel construction of the Gaolan Port deepwater wharf. He said he hoped that PetroChina could keep cooperating with the city for bright prospects. Duan expressed high appreciation for cooperation with Zhuhai and Zhuhai government's support of its subsidiary in the city. PetroChina is optimistic about prospects of the city and will strengthen cooperation. The two parties discussed details of further cooperation in Zhuhai. (ZD News) | |||||
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