Guangzhou starts on $20bn zone linking HK

Guangzhou has more New Areas, Special Economic Zones, High-Tech Zones, and Development Zones than you can shake a stick at. Nevertheless, yesterday, it launched what may turn out to be the most ambitious of them all, right in the middle of the city’s Huangpu district.

At a ceremony held jointly by the Guangzhou Economic and Technological Development Zone and – pay attention – the Guangzhou High-Tech Zone, the Guangzhou-Hong Kong Smart Manufacturing Special Cooperation Zone was kicked off with the launch of 35 major construction projects that will require a total investment of RMB128 billion (around US$20bn).

The ceremony also marked the beginning of construction for the RMB10 billion Sun Wah City project, which will include a Guangzhou-Hong Kong Immigration Center, a marina, a smart manufacturing center, five-star hotel and housing facilities for high end talents. Developed by Hong Kong conglomerate Sun Wah Group, the project will include an ambitious plan to link the capital to Hong Kong via helicopters and high-speed ferries. It is expected to start operations a year from now.

Helicopter trips will take 30 minutes, while ferry trips will take 1 hour and 20 minutes to the Hong Kong International Airport and Macau Airport, and 1 hour 50 minutes to the China Ferry Terminal in Tsim Sha Tsui.

Read more (in Chinese).