On the 6th of next month, the steel plant project of Guangzhou Toyota Automobile Co., Ltd. will be officially launched, marking a significant milestone in its development. This collaboration with Japan's JFE is expected to reach an annual output of 5 million tons by 2010. Additionally, a shipbuilding base with a capacity of 3 million tons is set to be completed by 2008.
Yesterday afternoon, Guangzhou Mayor Zhang Guangning, who was leading a delegation to Hong Kong for the "Guangdong-Hong Kong Cooperation and Common Development" event series, met with Vice Chairman Huo Yingdong of the National Committee of the Chinese People's Political Consultative Conference. During the meeting, Mayor Zhang provided a detailed update on the progress of major projects currently underway in Nansha, emphasizing that now is an ideal time to begin developing the tertiary industry in the area.
Today, a total of HK$1.13 billion in cooperation projects will be signed during the event. Earlier that morning, Mayor Zhang led a large delegation comprising officials from various municipal departments, district representatives, development zone leaders, and over 200 business representatives to Hong Kong for a five-day series of activities focused on economic and trade cooperation between Guangdong and Hong Kong.
Zhang Guangning expressed gratitude to Huo Yingdong for his long-standing contributions to Guangzhou's economic growth and shared updates on the current initiatives. He mentioned that more than 250 state-owned and private enterprises participated in the event, with over 300 attendees. A total of HK$13.1 billion in economic and trade cooperation projects are expected to be signed at the Hong Kong Convention and Exhibition Centre today.
Meanwhile, construction of the Nansha Steel Works is accelerating. Zhang Guangning revealed that the Guangzhou Metro will be extended to Huangge by 2006-2007, connecting Xiao Nansha with the Nansha Passenger Port and providing a new transportation route from Guangzhou to Hong Kong. The 50,000-ton-grade Nansha Port Area is also scheduled to be officially completed and operational next month.
The Guangzhou Toyota Motor Corporation will be formally listed on the 6th of next month. By 2010, Toyota Motor City is expected to achieve an annual output value of 100 billion yuan. The environmentally friendly steel plant project, developed in partnership with Japan’s JFE, is also progressing rapidly and is projected to reach an annual production capacity of 5 million tons by 2010. The 3 million-ton shipbuilding base in Nansha is expected to be completed by 2008, allowing the construction of 300,000-ton single-hull vessels.
Zhang Guangning also discussed the future development of Nansha's tertiary industry with Huo Yingdong. He noted that as these large-scale projects come online, a significant number of industrial workers and business professionals will move into the area, making it an opportune time to develop the service sector. He emphasized that Xiao Nansha is located at the heart of Da Nansha, offering great potential for industries such as commerce, tourism, and entertainment.
Guangzhou hopes to transform Xiao Nansha into a new seaside city, as envisioned by Mr. Huo before 2010. The city pledged full support for this vision and urged the Nansha Development Zone command to develop concrete plans to drive the initiative forward.
Huo Yingdong thanked Mayor Zhang for the visit and expressed agreement on the vast opportunities for further cooperation between Guangzhou and Hong Kong. He shared his confidence in transforming Xiao Nansha into a modern seaside city by 2010, highlighting his ongoing collaboration with relevant parties throughout Nansha's development.
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