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Jiading plans major renovation project
25/7/2005 11:19

Wu Jin/Shanghai Daily news


Jiading District is planning to renovate a 120-square-kilometer area by constructing new office buildings, commercial plazas and modern communities, the district government announced recently.
The government said the project will cost about 300 billion yuan (US$36.99 billion), but didn't say when it will be complete.
When it is finished, the area will be home to 1 million people.
The first phase of the renovation project is expected to cover a section of 30-square-kilometers of land east of the city's Formula One race track.
According to Huang Jianzhong, director of the planning office at Shanghai Jiading New City Co Ltd, the first phase is composed of 10 programs that will include office buildings, plazas, communities, hotels and public facilities.
Investors will begin to bid on three out of the 10 programs - a 66.67-hectare research and development center, a 66.67-hectare community for underprivileged families and an office building called New City Building - soon and construction will start by the end of this year.
"There are many programs that have been listed in our schedule, but we have to develop those most practical plans first, which means the plans enable us to attract investors," said Li Yang, an official with the company's investment-attracting office.
The district plans to make the automobile industry a pillar of its economy. It set up a research and development center with the hope of luring more automobile companies.
Each company in the center, according to Li, can own a building partly designed by themselves. So far, the Shanghai Jiading New City Co Ltd has been in talks with a big domestic auto supplier, but officials declined to reveal its name.
"Everything is still in discussion, it is not a proper time to say more," said Li.
Besides auto companies, Li said her office is also contacting some Taiwan-based information technology companies that are looking for offices in the city.
The investment-attracting office is also aiming at the companies from other parts of Southeast Asia.
In addition to the R&D center, the district is planning an automobile industry training center for auto maintaining workers and engineers operated by the Shanghai Labor and Security Bureau.
"The center will enable domestic automobile workers and engineers to catch up with the world's top notch technologies," said Huang.
Besides automobiles and other high-tech industries, real estate developers are lining up to bid for a chance to develop the district's low-end community prepared for people with a monthly salary of less than 800 yuan.
Developers are also welcome to bid on the chance to invest in the New City Building.
The skyscraper will hold office space and is expected to be by 200 meters tall, according to Huang.