Neighbor gets place in lights
22/4/2005 9:34
Shanghai Daily News
Neighbors Jiangyin City and
Jingjiang City are on opposite sides of the Yangtze River.
And until recently
they were on opposite sides of the development divide.
The difference was
especially evident at night, with Jiangyin brightly lit along the Jiangyin
Economic Development Zone and Jingjiang in darkness.
All that changed in 2002
with the establishment of Jingjiang Park, an industrial land on the northern
side of the river.
The park provides Jingjiang City a precious opportunity to
catch up with its southern neighbor and offers Jiangyin City more space to
continue its development.
The park has attracted several enterprises,
including Jiangsu Zhongran Oil Storage and Transportation Co Ltd, Jiangsu New
Yangzi Ship Building Co Ltd and Jiangsu Zhongxin Changbo Ship Building Co
Ltd.
Companies have spent a large sum of money in the park and many plan to
enlarge their business in future.
The investment of Jiangsu New Yangzi Ship
Building Co Ltd has surpassed US$100 million, the biggest single investment in
the park.
The company will begin operations in three years.
At the same
time, Jiangsu Zhongran Oil Storage and Transportation Co Ltd, which began
operations in the park at the end of last month, has signed a contract for the
second phase of its oil depot's construction.
That work is expected to finish
in 2008.
In the first three months this year, contracted foreign investment
reached US$142 million.
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