鈥2nd Lujiazui鈥 being created on former Expo site
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THE former World Expo 2010 site in the Pudong New Area will evolve into “a second Lujiazui Financial Zone,” predicted the head of the group overseeing development yesterday.
Half of the development is complete, with 10 state owned enterprises setting up bases in the former Zone B area along the Huangpu River, Ding Hao, president of the Expo Development Group, told Shanghai Daily at the sidelines of the annual session of Shanghai People’s Congress.
Ding, who is also head of the post-Expo development office and a lawmaker, said the site will attract headquarters of state-owned, private and foreign companies.
Enterprises will soon be invited to set up bases in Zone C, the former European pavilion zone and the Houtan area — reserved city government land that has remained untouched since the end of the Expo, he said.
“The area will drive the city’s fast development for another 20 years, in the same way as the Lujiazui financial zone has done,” Ding predicted.
This was the first time that senior Expo officials have announced plans for the zone that featured the France, Spain, United Kingdom and other popular national pavilions at the Expo.
Buildings will have height limits to ensure riverside scenery is not obscured and spaces will be left between each to create small communities, Ding said.
The Houtan area, where the former United States Pavilion stands, will keep its riverside park and some foreign pavilions — including the France and Russia pavilions — will be retained, the city’s urban planning authority has said.
A total of 13 state-owned enterprises, including Baosteel and State Grid, have signed contracts to build headquarters in the zone that during the Expo was the site of the Australia and Thailand pavilions.
Some 28 buildings will be built there using environmentally friendly materials.
Beijing-based Sinochem Group and China Changjiang National Shipping Group are building two buildings — 70 and 50 meters high, respectively — and will move operations centers there by 2015.
Meanwhile, China’s jumbo jet company has nearly completed structural work on its new headquarters at the site.
The Commercial Aircraft Corp of China was the first enterprise to start building its new headquarters at the zone.
To serve the people who will work in the area, a huge underground complex will link up with the permanent Expo buildings and headquarters buildings.
The 770,000-square-meter underground space will include a pedestrian passageway, parking areas, as well as shopping malls and entertainment venues where the former China Pavilion stands.
The underground parking area will have about 9,000 parking spaces with a cutting-edge system that will help drivers to find their vehicles more easily.
A central area, to be called Green Valley, will feature a large square of trees covering 210,000 square meters over four blocks, Ding said.
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