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Shandong to build 10b yuan offshore island
SHANDONG Province on East China's coast plans to invest 10 billion yuan (US$1.46 billion) to level a barren hill and make it into an island off Longkou City to create more land for economic development.
The hill will be replaced by farm land, today's Qilu Evening News reported, citing an unnamed official with Shandong Provincial Oceanic and Fishery Administration.
The 430,000-square-kilometer island will be developed in three phrases. It will be divided into seven industrial zones for oceanic equipment manufacturing, auto parts manufacturing, metallurgy and metal processing, new energy and materials, logistics, services and ecological sightseeing, according to the official.
Soil to build the island will mainly come from the hill, which is estimated to provide around 530 million cubic meters of soil and rocks. Soil cleaned from waterways will yield another 54 million cubic meters.
Recycled garbage will also be used. Water recycling systems will be set up on the island to ensure clear sea water.
"In short, all the materials to make the island will be green," the official said.
There are 77 investment projects approved in Longkou waiting to be launched with total investment of 68 billion yuan.
They need 25 square kilometers of land, but the city can't offer more than 0.33 square kilometers of land for development each year, the official said.
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