The construction of high-quality projects serves as the “cornerstone” and “powerful engine” for promoting high-quality development, and it is an important support for expanding investment, optimizing structure, and stabilizing growth. Recently, the General Office of the Zhejiang Provincial Government issued the “Zhejiang Province Expansion of Effective Investment ‘Trillion RMB Investment on a Thousand Projects’ Engineering 2024 Major Construction Project Implementation Plan” (hereinafter referred to as the “Implementation Plan for Trillion RMB Investment on a Thousand Projects”). In 2024, Lishui city has arranged a total of 78 major projects under the provincial “Trillion RMB Investment on a Thousand Projects” initiative, with a total investment of 222.777 billion yuan and an annual planned investment of 28.035 billion yuan.

“The Implementation Plan for Trillion RMB Investment on a Thousand Projects” proposes to ensure that the fixed asset investment in the province grows by about 6% in 2024, to advance more than 1,000 provincial major construction projects in 2024, and to plan to complete investments of over 1 trillion yuan. The first batch of provincial major construction projects in Zhejiang Province includes 1,101 projects, with an annual planned investment of 1.0313 trillion yuan.

“The Trillion RMB Investment on a Thousand Projects” initiative in Lishui City mainly includes 18 projects in the establishment of advanced manufacturing industry bases, with an annual planned investment of 6.372 billion yuan; 15 projects in transportation infrastructure, with an annual planned investment of 6.69 billion yuan; 10 projects in urban organic renewal, with an annual planned investment of 3.637 billion yuan; 10 projects in water network improvement and security, with an annual planned investment of 2.468 billion yuan; 7 projects in livelihood facilities, with an annual planned investment of 1.038 billion yuan; 7 projects in clean energy supply security, with an annual planned investment of 4.3 billion yuan; 5 projects in the integration of culture and tourism, with an annual planned investment of 590 million yuan; 3 projects in the foundation strengthening for scientific and technological innovation, with an annual planned investment of 1.38 billion yuan; and 3 projects in the priority field of agriculture and rural development, with an annual planned investment of 1.56 billion yuan. Among them, there are 22 new projects and 56 ongoing projects.

In the field of manufacturing investment, Lishui City is renowned for semiconductor projects such as Ferrotec’s semiconductor industry project, the ultra-thin precision flexible film packaging substrate (COF) production line project of Zhejiang Jingyin Electronic Technology Co., Ltd. , and Gigadevice Electronics’ 6-inch high-end silicon-based wafer OEM project. Additionally, projects in other sectors including new energy and automotive parts are also notable, such as the new 7.5 gigawatt N-type high-efficiency TOPCon solar cell project of Zhejiang Kaili Electronics Co. Ltd., the 50,000-ton power battery comprehensive utilization project of Zhejiang Ruiyun New Energy Technology, and Geely’s intelligent thermal management system R&D center and industrialization project. Furthermore, traditional industry transformation and upgrade projects such as “Future Factory” projects of SHANGSHANG DESHENG GROUP CO.,LTD, first-phase project for intelligent hydraulic high-end equipment machinery industrial city line of Yiyatong (Zhejiang) Hydraulic Technology Co., Ltd. and the annual output of 60,000 tons of steel pipe project of Huadi Special Materials (Songyang) Co., Ltd. are also included.

As of the end of January, the total investment in Lishui’s “Trillion RMB Investment on a Thousand Projects” initiative has reached 3.21 billion yuan, with a completion rate of 11.4%, ranking third in the province. Six new projects have commenced construction, with a commencement rate of 27.3%, ranking sixth province-wide. By the end of the first quarter, it is expected that the commencement rate of new projects in Lishui city will exceed 30%.

Next, Lishui City will focus on achieving a target of increasing fixed asset investment by over 10%, striving for 12% growth. It will maintain steady and rapid growth in fixed asset investment, focusing on the first batch of 78 major provincial “Trillion RMB Investment on a Thousand Projects”. Initiatives will include leadership-led project coordination, Wednesday project service days, Three Enhancements to Promote Three Improvements Action, and investment competitions, to closely monitor progress, accelerate project commencement, and promote investment, ensuring that the completion rate of major projects exceeds 100%.