Pudong unveils big-picture blueprint
By Wang Yanlin and Liang Yiwen |
April 15, 2010, Thursday
|
Print Edition
Print Edition
BUSINESS is already booming in the Pudong New Area but hold onto your hats - growth is about to enter the mega phase.
Jiang Liang, the area's director, yesterday unveiled a blueprint for the next 10 years that shows both initiative and vision.
Disneyland, a jumbo jet assembly plant and research and development center, the merger with the former Nanhui area, enlarged financial zones and high-tech parks and Shanghai's ambition to become a global financial and shipping center offer bumper opportunities.
The blueprint has framed the area into "7+1" key development zones. The +1 denotes the World Expo site after it closes in October.
To give an idea of the development scale, the Pudong government will invest 100 billion yuan (US$ 14.7 billion) in urban infrastructure in the next three years, compared with a total of 270 billion yuan for the past 20 years.
"We are standing at a fresh point to accelerate Pudong's development with just so many opportunities in front of us," Jiang said at a press conference honoring the 20th anniversary of the birth of the Pudong New Area.
He said 97 percent of residents living in the planned Disneyland site had been relocated and the land would be handed to developers in July.
The 4-square-kilometer site should be opened for the public in five to six years.
The jumbo jet project, the enlarged areas for the Lujiazui Finance and Trade Zone and the Zhangjiang High-Tech Park and the launch of innovative financial products like the qualified foreign limited partner program, or QFLP, are all on or ahead of schedule.
QFLP helps foreign investors access domestic private equity funds more easily.
"We want to become a forerunner to propel Shanghai's development into a global financial and shipping center," Jiang said.
"We need to pioneer the revamp of economic structures and differentiate our core competitiveness with other similar areas in Shenzhen and Tianjin," the director said.
He said the 100-billion-yuan investment would mainly bolster the construction of roads connecting the former Nanhui area with Pudong, and thoroughfares around the Disneyland theme park.
After the merger with Nanhui, Pudong had shown two development threads, Jian said.
The area alongside the Huangpu River with dense population will mainly accommodate industries associated with finance, commerce, exhibitions and modern services.
The area alongside the East China Sea - with a lower population and more free space - will mainly house shipping, trade, logistics, heavy equipment, aviation and other advanced manufacturing industries, according to Jiang.
7+1 strategy of the Pudong New Area
1. Shanghai Comprehensive Free Trade Zone
This covers 22.76 square kilometers and consists of three free-trade zones - Waigaoqiao, Yangshan Deep-Water Port and Pudong International Airport.
2. Lingang Industry Zone
This covers 240 sq km and includes a logistics park and a heavy machinery park. The Shanghai government has set up an administrative committee to mange the city-level project.
3. Lujiazui Financeand Trade Zone
The new area will expand to 31.78 sq km from the 1.7-sq-km Lujiazui city business district. About 3 million sq m of office space in the Shanghai Tower and office buildings along Century Avenue will be added to the zone by the end of 2015.
4. Zhangjiang Hi-Tech Park
This covers 77.45 sq km, incorporating Kangqiao and the Shanghai International Medical Zone in the former Nanhui area. The park has attracted 900-plus firms set up by returned overseas students. Its pharmaceutical industry is massive.
5. Jinqiao Export Processing Zone
The 67.79-sq-km zone is an advanced manufacturing conglomerate, including the former Nanhui Industry Zone and the Airport Industrial Park. The northern area will mainly accommodate modern service industries, the southern area manufacturing.
6. Lingang Town Zone
Covering 74 sq km, it will cater for the needs of white-collar workers, with neighborhood, commerce, culture and education service industries. The zone is still undergoing widespread infrastructure construction.
7. International Tourist Resort Zone
This will feature the Disneyland theme park and include the coastal Sanjiagang tourist resort and Lingang holiday resort. The overall administrative plan of the zone is still being designed.
+1. Post-World Expo Zone
The zone covers 3.93 sq km and will have five Metro lines passing through it. It will be mainly used for development of the financial, exhibition, commerce and modern service industries.
Jiang Liang, the area's director, yesterday unveiled a blueprint for the next 10 years that shows both initiative and vision.
Disneyland, a jumbo jet assembly plant and research and development center, the merger with the former Nanhui area, enlarged financial zones and high-tech parks and Shanghai's ambition to become a global financial and shipping center offer bumper opportunities.
The blueprint has framed the area into "7+1" key development zones. The +1 denotes the World Expo site after it closes in October.
To give an idea of the development scale, the Pudong government will invest 100 billion yuan (US$ 14.7 billion) in urban infrastructure in the next three years, compared with a total of 270 billion yuan for the past 20 years.
"We are standing at a fresh point to accelerate Pudong's development with just so many opportunities in front of us," Jiang said at a press conference honoring the 20th anniversary of the birth of the Pudong New Area.
He said 97 percent of residents living in the planned Disneyland site had been relocated and the land would be handed to developers in July.
The 4-square-kilometer site should be opened for the public in five to six years.
The jumbo jet project, the enlarged areas for the Lujiazui Finance and Trade Zone and the Zhangjiang High-Tech Park and the launch of innovative financial products like the qualified foreign limited partner program, or QFLP, are all on or ahead of schedule.
QFLP helps foreign investors access domestic private equity funds more easily.
"We want to become a forerunner to propel Shanghai's development into a global financial and shipping center," Jiang said.
"We need to pioneer the revamp of economic structures and differentiate our core competitiveness with other similar areas in Shenzhen and Tianjin," the director said.
He said the 100-billion-yuan investment would mainly bolster the construction of roads connecting the former Nanhui area with Pudong, and thoroughfares around the Disneyland theme park.
After the merger with Nanhui, Pudong had shown two development threads, Jian said.
The area alongside the Huangpu River with dense population will mainly accommodate industries associated with finance, commerce, exhibitions and modern services.
The area alongside the East China Sea - with a lower population and more free space - will mainly house shipping, trade, logistics, heavy equipment, aviation and other advanced manufacturing industries, according to Jiang.
7+1 strategy of the Pudong New Area
1. Shanghai Comprehensive Free Trade Zone
This covers 22.76 square kilometers and consists of three free-trade zones - Waigaoqiao, Yangshan Deep-Water Port and Pudong International Airport.
2. Lingang Industry Zone
This covers 240 sq km and includes a logistics park and a heavy machinery park. The Shanghai government has set up an administrative committee to mange the city-level project.
3. Lujiazui Financeand Trade Zone
The new area will expand to 31.78 sq km from the 1.7-sq-km Lujiazui city business district. About 3 million sq m of office space in the Shanghai Tower and office buildings along Century Avenue will be added to the zone by the end of 2015.
4. Zhangjiang Hi-Tech Park
This covers 77.45 sq km, incorporating Kangqiao and the Shanghai International Medical Zone in the former Nanhui area. The park has attracted 900-plus firms set up by returned overseas students. Its pharmaceutical industry is massive.
5. Jinqiao Export Processing Zone
The 67.79-sq-km zone is an advanced manufacturing conglomerate, including the former Nanhui Industry Zone and the Airport Industrial Park. The northern area will mainly accommodate modern service industries, the southern area manufacturing.
6. Lingang Town Zone
Covering 74 sq km, it will cater for the needs of white-collar workers, with neighborhood, commerce, culture and education service industries. The zone is still undergoing widespread infrastructure construction.
7. International Tourist Resort Zone
This will feature the Disneyland theme park and include the coastal Sanjiagang tourist resort and Lingang holiday resort. The overall administrative plan of the zone is still being designed.
+1. Post-World Expo Zone
The zone covers 3.93 sq km and will have five Metro lines passing through it. It will be mainly used for development of the financial, exhibition, commerce and modern service industries.
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