Northern Bund Development in Shanghai Started

Home>>Business

Last updated at: (Beijing Time) Friday, January 10, 2003

Northern Bund Development in Shanghai Started

DISCUSSION

CHINESE

SEND TO FRIEND

Northern Bund development, key part of comprehensive development on both banks of "Huangpu River", started formally last Monday. Available plans said that a five-star "world trade new plaza" consisting of twin towers of a respective height of around 100 meters is set to become a thematic scene in this area.

On Monday afternoon, the Hongkou district where northern Bund locates signed a cooperative agreement with Shanghai Shenjiang Development, Construction & Investment Group Ltd. and Shanghai COSCO Salim Property Group Company Ltd respectively, setting up Shanghai ShenJiang Northern Bund Development & Construction Co., Ltd. in charge of the projects for a comprehensive development of the northern Bund. Deputy-director with the Development and Research Center under the State Council Chen Qingtai and Shanghai Municipal Standing Vice-Mayor Han Zheng raised the curtain at the inauguration ceremony of the company.

By sources from Shanghai Northern Bund Development Forum held on the same day, projects that have been decided on construction include an international passenger traffic center for berthing huge liners, an five-star "world trade new plaza" and an international trade zone for Taiwan investors with an area of 37,000sqm. Particularly, "Shanghai Star", the cultural street, will cover 250,000sqm and be symbolized by a 200-meter high skyscraping cogwheel for a panoramic view.

Lying along the bank of Huangpu River and to the north of Suzhou Creek, northern Bund has been considered as one of the four major areas in the new round of comprehensive development of Huangpu River area. Covering an area of over 3 square kilometers, northern bund area will be divided into several parts according to different functions such as a shipping trade zone, a modern business zone and a riverside leisure zone etc. Related figures show that northern Bund, once fully developed, will strike a "tripartite balance" with the old Bund area and Pudong Lujiazui financial trade zone, featuring the most flourishing and splendid landscape in Shanghai.

By PD Online Staff Zhu Lizhen

Questions?Comments? Click here

Shanghai Develops Airport to Welcome 2010 World Expo

Shanghai's Pudong, a Dream Comes True

Why Doesn't US Set to 'Use Force' Against DPRK? ( 12 Messages)

New-Generation Nuclear Reactor Put into Use in China ( 2 Messages)

US, Iraq Change from 'Allies' to Enemies: Commentary ( 5 Messages)

To Occupy China's Diaoyu Islands, Japan's Fond Dream for Long ( 2 Messages)

US-Taiwan Military Cooperation 'will Harm Sino-US Ties' ( 8 Messages)