Mapletree Modern Innovation Industrial Base to be built
- Details
- Category: Ningbo News
- Published: Tuesday, 02 December 2014 13:00
The project of Ningbo Mapletree Modern Innovation Industrial Base was signed at the 10th meeting of Zhejiang-Singapore Economic & Trade Council on November 24. On behalf of Ningbo Municipal Government, Vice-mayor Wang Jianhou signed the framework agreement for cooperative construction with the Mapletree Group.
According to the agreement, Singapore Mapletree Group will construct and operate the industrial base by means of multi-park and dislocation development, comprehensive planning and scheduled phase construction. The first phase of the project, including three sub-projects, will settle down in Jiangbei District, Cixi County and Yuyao County respectively, covering such industries as health industry, business, residential housing, logistics and high-end manufacturing, with a total investment of about US$1 billion.
