Construction begins on major Hainan FTP development projects

By Li Xiang / HICN / Updated: 20:58,07-February-2023

On February 6, more than 160 major projects commenced construction in Haikou, Sanya, Danzhou, Wanning, Wenchang, and other cities and counties across China’s southern Hainan Province. A total investment of 59.7 billion yuan (about $8.79 billion) will be made in these projects, with an estimated 18 billion yuan (about $2.65 billion) to be in place by the end of this year.

Photo shows a ceremony held at the construction site for a smart energy building project in Haikou’s Jiangdong New Area, one of the eleven key industrial parks for the development of the Hainan Free Trade Port. (Photo: Hainan Daily / Feng Shuo)

The newly begun projects cover multiple areas including industrial development (25.2 billion yuan, accounting for 42% of the total investment), public service (20 billion yuan, accounting for 34% of the total investment), and infrastructure (14.5 billion yuan, accounting for 24% of the total investment). The new infrastructure projects include telecommunications networks, natural gas networks, water supply networks, power grids, and highways.

In addition, notable projects include a zero carbon demonstration zone project in Bo’ao (700 million yuan), a smart energy building project in Haikou’s Jiangdong New Area (430 million yuan), a national laboratory for South China Sea marine resource utilization (840 million yuan) at Haikou’s Hainan University, a space laboratory based in Wenchang (100 million yuan), a satellite R&D center project (540 million yuan) in Wenchang International Space City, and many more.

In response to the three-year action plan for investment in the Hainan Free Trade Port (2021-2023), the tropical province has been working to boost industrial and infrastructure investment on the island. In 2022, Hainan saw a combined investment of 88 billion yuan (about $12.96 billion) made in major project construction, reaching and exceeding its annual target.



Having questions about living or working in Hainan? Leave it below. 

Our Privacy Statement & Cookie Policy

By continuing to browser our site and use the services you agree to our use of cookies, Privacy Policy and Terms of Use. You can change your cookie settings through your browser.

I agree