Bama 2018 major projects investment worth nearly 3.2b yuan

(en.gxzf.gov.cn)

Updated: 2018-10-15

Bama Yao autonomous county in Guangxi Zhuang autonomous region has promoted 117 major projects in 2018. Thirty-four projects started construction from January to August, with a total investment of about 3.2 billion yuan ($462.55 million), representing a year-on-year increase of 19.5 percent.

Bama has implemented a project leadership responsibility system to provide a wide range of services to enterprises such as project land use, project approval and environmental assessment through allocating project construction tasks to specific people.

In order to solve land acquisition issues, Bama has established the land acquisition and demolition working group of the Bama International Tourism New City. It will ensure land acquisition tasks are completed regularly and on time.

Relying on financing platforms such as Bama Investment Group, efforts were made to crack the bottleneck of project financing to provide financial support for major construction projects.

Through the introduction of new concepts such as central enterprises and multi-channel financing, Bama has also promoted the revival of a tourist service center project that has been stagnated for more than two years.

In addition, Bama Investment Service Co, which was established to provide agency services for enterprises investing in Bama, will track services throughout the approval procedure process.

The company has provided agency services for 18 enterprises and handled more than 70 items in nine categories since its establishment.