Copyright 2024 - Ningbo Life / Ningbo Expat

Over 50 billion yuan invested in major construction zones

Since the beginning of 2014, Ningbo has further accelerated its step of urbanization, with 50.66 billion yuan invested in the construction of 17 major functional zones in the central area, accounting for 50.5% of the total investment of the whole year. 
According to a person in charge from Ningbo Municipal Commission of Housing and Urban-rural Development, the construction of major functional zones and major projects is an important means to enhance the urban competitiveness. In the first half of the year, Ningbo Wealth Center was basically completed, as well as the first phase of the Lianqiao Street Cultural and Commercial Complex Zone, and the second phase of the settlement buildings in Zhujia Village. Some major projects have been started, including the second phase of the historical block along Nantang River, Yintaihui project and the second phase of the Lianqiao Street Cultural and Commercial Complex Zone. With the construction of such major functional zones as the eastern new town, the southern new town and the core block of Sanjiangkou area, Ningbo has witnessed a more optimized spatial layout in the central area.  


Meanwhile, the comprehensive traffic network optimization has been well under way. The main structure of the overhead section of the expressway of the south and north ring roads will be completed and put into use in October. The Dongyuan overpass and the reconstruction of the northern extension of the airport raod have also been started. The underwater part of the Xinjiang Bridge has been completed, and 12 dead-end roads will be opened within the year. 
As 2014 is the first year of the three-year action plan for Ningbo’s economic and social transformation, it is of great significance to achieve the target of all the major construction projects identified at the beginning of the year. In the second half of the year, Ningbo Municipal Commission of Housing and Urban-rural Development will have the following tasks. Firstly, it will start the overall reconstruction of the Zhongshan Road to re-shape the central road of the city. Then it will promote the “three rivers and six banks” improvement project to build the quality riverside recreation belt. It will also start the transformation of the urban shanty towns to tear down the endangered old houses and reinforce the old residential blocks. At last, to address traffic jams, it will build 40km of new special bus lines, 30,000 new parking spaces and 25km of new expressways.

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