Bridge feasibility report approved
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China on Wednesday approved a feasibility report on the construction of a bridge linking its economic hub Guangdong to Hong Kong and Macao, a move widely expected to improve economic efficiency in the affluent Pearl River Delta.
The decision was made in an executive meeting of the State Council, or the Cabinet, which was chaired by Premier Wen Jiabao.
The meeting also adopted a blueprint to develop a southwest border ethnic autonomous region amid the country's endeavor to upgrade economic cooperation with its southeast Asian neighbors.
Hong Kong-Zhuhai-Macao Bridge
The project, which is estimated to cost 72.6 billion yuan (10.63 billion US dollars), will forge stronger economic and social ties between the west bank of the Pearl River and Hong Kong, said a statement issued after the meeting.
The bridge, which will be built according to the six-lane expressway standard with a vehicle speed of 100 kilometers per hour, will promote the construction of a comprehensive transportation system and build a highway network in Guangdong, Hong Kong and Macao after completion.
The project is expected to raise the overall competitiveness of the Pearl River Delta, maintain the lasting prosperity and stability of Hong Kong and Macao and boost coordinated social and economic development of the Pearl River region.
Build Guangxi into a new "growth pole"
A plan set to boost the development of a border ethnic autonomous region was adopted on Wednesday amid the country's efforts to foster a new "growth pole" by strengthening economic cooperation with its neighbors in southeast Asia.
The State Council decided to expand the fields of cooperation between Guangxi Zhuang Autonomous Region and members of the Association of Southeast Asian Nations (ASEAN) and build a platform in Guangxi for regional economic cooperation.
The development of Guangxi was viewed in a bigger picture. Its advancement will serve the intensified interaction between the country's east, central and western regions and consolidate ethnic unity and stability in border areas, according to the State Council's statement.
Guangxi, with many of its harbors with favorable geographic condition as well as poverty-stricken villages, will be built into a modern regional base of commodities, trade and logistics, an advanced manufacturing base, agricultural base and an information exchange center.
The State Council also decided to build international sea routes connecting Guangxi's ports with more regions and encourage the development of modern industries in the coastal areas.
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