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Liangjiang invites private firms to invest in local projects



The transport network of Liangjiang New Area. [Photo/WeChat account of Liangjiang New Area]

The Liangjiang New Area in Southwest China's Chongqing municipality released an investment opportunity list for the private economy on Oct 10, with a total investment of 73.76 billion yuan ($10.28 billion). It categorized projects for industrial collaborations, engineering construction, and platform introduction.

The list features 45 engineering construction projects involving 7.43 billion yuan in investment.

The projects are meant to address the infrastructure demands of Longsheng New City and other places in the new area.

Among the projects, 32 are road construction projects to be based in Longsheng New City, Shuitu New City, and sub-districts under the direct administration of the new area. Liangjiang encourages private enterprises to participate in the road construction projects according to the law, and give full play to their innovative business models and technologies to increase the efficiency and quality of local transport.

The four school construction projects involve investments totaling 2.27 billion yuan. Liangjiang hopes that local private companies can seize the opportunity to provide high-quality educational resources to all school-age children in the new area, the number of which increased by some 7,500 in 2021, and by 9,000 last year, requiring an increase in enrollment capacity.

The eight environmental protection projects target ecological restoration, sewage treatment, and roadway lighting. Over the first half of this year, Liangjiang reported 147 days with good air, and 100 percent of urban sewage was processed.


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