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Tue March 02 2021

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China’s Ningbo city pours billions into construction

16 Apr 14 The Ningbo government in China has signed construction contracts for 32 major projects worth a combined 120.6bn yuan (£11.7bn).

A total of 419 projects valued at over 480bn yuan (£46bn) are expected to be completed in Ningbo by the end of 2016.

The latest package of 32 schemes includes a 4bn yuan (£387m) investment in the first-phase construction of Line 2 of the city’s subway.The contracts also cover other aspects of the city’s construction, including river control projects and industrial schemes.

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