Source: China State Council Information Office 2
Beijing’s sub-center accelerated building its major projects in recent months to meet its target this year. With three projects beginning construction on Oct. 30, it now has 92 major projects under construction that were started this year.
The sub-center planned to work on 388 major projects in 2020, including 223 already under construction and 165 to start this year.
The three that started recently comprise a 28,000-square-meter shopping center, an 18,000-square-meter relics protection and demonstration project, and a 50,000-square-meter hospital building.
Other projects already under construction include Asia’s largest underground integrated transportation hub. It will be composed of three rail transit lines and three railway lines, with a total underground construction area of 1.28 million square meters. The construction of the hub is expected to be completed in 2024.
In the recent two months, a number of major projects including a few parks have been completed. With the WaterWorld themed land in the Universal Studios Beijing park finishing construction, the whole theme park area is now going through project acceptance. The logistics preparation will also start soon to get ready for its opening in spring 2021.
From January to July this year, the sub-center made an investment of 50.92 billion yuan in fixed assets, up 5.6% year on year. It also made an investment of 27.08 billion yuan in construction and installation, up 0.3% year on year.
As planned, the construction of another 29 projects will start within the year, including five expected to start in November and 24 to begin in December.