Shandong completes 129.84 bln yuan of investment in major projects

According to Shandong Development and Reform Commission, by the end of July, 132.3 billion yuan worth of investment had been completed on 321 major projects in Shandong. Construction has begun on 236 of the 250 major projects in Shandong, with an operating rate of 94.4%. The investment in the 236 projects already under construction reached 129.84 bliion yuan, completing 60.9% of the annual plan and 2.6 percentage points ahead of schedule, continuing to maintain a high growth rate. Construction has begun on 8 of the 71 major provincial preparatory projects, with an investment of 2.46 billion yuan.

By city, Qingdao, Weifang, Jining, Tai'an, Weihai, Linyi, Liaocheng and Binzhou exceed the provincial average level in the completion of annual plan. In terms of sector, in the first seven months, 61.91 billion yuan was invested in major infrastructure projects,accounting for 62.6% of the annual plan; 45.7 billion yuan in major industrial projects, accounting for 60.6 percent of the annual target. A total of 12.42 billion yuan was invested in major platform projects, making up 56.8% of the annual plan. 9.81 billion yuan was invested in major projects to improve people's livelihood, making up 55.7 percent of the annual target.