Beijing is moving forward with the construction of 160 major projects in the second quarter, according to the Beijing Municipal Commission of Development and Reform (BMCDR).
Major projects that commenced in the first three months of the year accounted for over 30% of the city's total investment. All 160 projects scheduled to begin in the first quarter commenced, representing a combined investment of over 340 billion yuan ($46.7 billion). A total of 49 new projects began construction, the highest for the same period in recent years.
Project highlights include the expansion of Beijing Children's Hospital in Yizhuang and the Capital Institute of Pediatrics in Tongzhou district. The Dongbabei Campus of the Beijing Academy is set to open in September, with capacity for 78 classes. The new facility aims to address the shortage of school placements in the area and support the balanced development of compulsory education.
Additional developments slated for the second quarter include the renovation of the Wangfujing Foreign Language Bookstore, and the start of construction for the city's first Mixc shopping mall and the Hopson Mall in Fengtai district. Two large-scale logistics facilities will also break ground in Fangshan district.
Beijing will continue to drive the construction of major projects, launch new investment initiatives, and introduce another batch of projects suitable for private capital in the first half of the year, said Wang Danli, director general of the Investment Department at BMCDR.
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