Construction of North Portal Business District Started
- Details
- Category: Ningbo District
- Published: Wednesday, 02 May 2012 09:09
Ningbo started its first-stage construction of the north portal business district which consists of 8 projects and whose building area totals at 330,000㎡, marking the substantial beginning of the construction of Yaojiang River New Town, one of the city’s six major new towns.
The district is located at the junction of the Hangzhou Bay Bridge and the Round-the-city Highway, bordering Cicheng in the west, Jinshan Road in the east, the west section of North Ring Road in the south, and Jiangbei Investment & Start-up Centre in the north. Covering an estimated area of 15 square kilometers, it will become a core business district in northern Ningbo that facilitates economic exchanges between the Yangtze River Delta and Ningbo.
The first-phase construction covers an area of 24 acres with a building space of 332,700 square meters, introducing altogether 9 projects sponsored by property development companies such as Zhongce, Zhongzhe, Ningbo Entrepreneurs Association, etc. Of which, the Centennial Park Project, with an investment of 450 mln yuan by Zhongce Property Development Co., Ltd, was started in October last year and will become the headquarter of Zhongce Group after completion. Meanwhile, Ningbo Entrepreneurs Association will also be relocated in the district. So far more than 40 member companies have applied for settlement in the Entrepreneurs Association Building. These buildings will be mainly used as headquarters for enterprises to handle official business, carry out research and development and do marketing. Their construction is planed to be finished in 3 years and by then they’ll form a core business district mainly composed of private owned enterprises.
The business district is also the first one in Yaojiang River New Town that carries on large-scale construction. With its emergence, Yaojiang River New Town, listed as part of the “Three Waterways’ Zone” Plan of Ningbo, will strive to develop into a portal business area featuring producer services and flux economy. Moreover, supported by the Olympic Sports Centre, Administrative Center and other urban public places of activities, it’ll also build into a sub-centre representing metropolitan commercial culture and characterized by recreation and tourism.
The Jiangbei district party committee and government signed a cooperation agreement with Ningbo Urban Construction Investment Holding Co., Ltd and Ningbo Communications Investment Holding Co., Ltd respectively on 17th, planning to develop the northern bank of Yaojiang River and Fenghua River and to build Ningbo into a land& port logistics center. It’s learned that the logistics park will be situated at Ningbo industrial function park in Jiangbei district. With a land area of 113 hectares, it will be developed into a comprehensive park integrating warehousing, transportation, processing and information.
