Report: Zhejiang to invest 1 trillion yuan in transport for bay area

Published: Aug 8, 2018 11:13

Save

This is part of the development commission's plan for a smart transport system, well linked by ports and airports to the world

SHANGHAI, Aug 8 (SMM) – With one trillion yuan of investment in 70 transport projects over the next five years, Zhejiang province aims to develop a "Greater Bay Area" around the economic zone in its capital Hangzhou, according to a plan by Zhejiang's Development and Reform Commission .

The plan promoted a smart transport system that will support support a 'world class bay area', well linked by ports and airports to the world.

Forty-four of the 70 planned projects will be prioritised this year.

Spokesperson for the Zhejiang Development and Reform Commission, Xie Xiaobo, said that the "Greater Bay Area" in Zhejiang will become a "plateau" for innovation in the global digital economy and drive high-quality development.

Government policy Transportation

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

21 hours ago

Platinum Prices Came Under Pressure and Plunged Intraday, Spot Discounts Narrowed and Transactions Recovered [SMM Daily Review]

21 hours ago

Silver Prices Fell Sharply, Downstream Buyers Were Cautious About Purchasing Amid Fears of Further Declines, and Trading Was Muted [SMM Daily Review]

21 hours ago

Gold just saw its biggest decline since 1983: what’s next

Gold is doing the opposite of what it should. The metal is falling for a reason most investors did not see coming. Wall Street's biggest banks have not changed their outlook. Here is why that matters.

21 hours ago