A DELEGATION from Nanjing city, the provincial capital of Jiangsu, is in Hongkong to attract investors to help finance its modernisation plans.
Mr Dai Yongning, deputy secretary-general of Nanjing's municipal government, yesterday said the city had drawn up several major infrastructure programmes entailing huge capital investments.
Organised by the Jiangsu provincial government, the proposed international airport in Nanjing has been approved by the State Council and will help ease congestion at the existing Nanjing airport.
Investment in the first phase is estimated at 1.17 billion yuan (about HK$1.57 billion).
An underground system in Nanjing is also planned. Mr Dai said the first phase of the 16.8-kilometre network would require an investment of 3.2 billion yuan.
Other projects such as the building of a second bridge over the Yangtze River and a 122-kilometre highway linking the city to Shanghai are key components of the master-plan.