The total investment is 8 billion yuan! 12 key projects in this new city of Shanghai have started construction and municipal administration has been launched
On June 9th, 2023, the Fengxian New City project commenced construction. The total investment of 12 projects is 8.126 billion yuan, covering urban functions, municipal supporting projects such as roads and greenery, as well as strategic emerging industry projects such as biomedicine and new energy.
According to Tian Zhe, Deputy District Mayor of Fengxian District, three industrial investment projects have started construction this time. Among them, the construction project of the headquarters of Mengyang Pharmaceutical Group and the innovative drug research and development production base will explore the innovative drug business sector and build an intelligent comprehensive factory. The Titan Technology Life Science Headquarters Park project will focus on research and development in fields such as biomedicine, new materials, and big health, forming a comprehensive bonded zone life science industry base with a focus on life science. The new intelligent operation center and renovation and expansion project of Shanghai Jinglong will achieve an annual output value of 10 billion yuan and an annual import and export volume of 10 billion yuan, helping to implement the national "dual carbon" goals.
The project of this commencement ceremony also includes municipal supporting roads, river improvement projects, and landscape greening projects, strengthening the infrastructure and ecological environment construction of Fengxian New City, improving the transportation network, enhancing transportation conditions, ensuring the smooth flow of urban rivers, and building an ecological environment with clear water and green banks.