On January 6th, it was learned from the Shanghai Municipal Commission of Housing and Urban Rural Development and the Municipal Major Projects Office that in 2024, the investment in major projects in Shanghai reached a new historical high of 238.3 billion yuan, completing 103.6% of the initial plan of 230 billion yuan, a year-on-year increase of 5.6%. This is the third year since 2022 that investment has exceeded 200 billion yuan. At the beginning of this year, the relevant person in charge of the Shanghai Municipal Major Projects Office introduced that the investment in major projects in 2024 is guided by the implementation of national major strategies and the stimulation of industry vitality, and aims to maintain a high level of operation. After a year of promotion, a batch of large-scale project investments have exceeded expectations, with a significant increase in the number of newly started projects of 21 and completed projects of 35, respectively, compared to the initial targets of 10 and 25 at the beginning of the year. Among them, major infrastructure construction projects such as railway rail transit, municipal roads and bridges, and water conservancy and water management have invested over 100 billion yuan, laying a solid investment foundation. (Upstream News)
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