The government of Tongzhou district, Nantong signed a cooperation agreement with Beijing Liandong Investment (Group) Co on April 18 to establish an urban industrial complex in the district.

The Beijing-based company has focused on industrial development, platform construction and operation for around 20 years, and is experienced in improving the utilization rate of land, promoting technological innovation and facilitating industrial upgrading.

The complex will cost about 6 billion yuan ($847.2 million) in total, and a number of emerging projects involving information technology and high-end equipment manufacturing will be carried out there.

Chen Yonghong, secretary of Tongzhou district's Party committee, said that considering the district is an important part of the Yangtze River economic belt, he is hopeful about development opportunities. The complex can promote the use of local idle land and also help accelerate the integration of the Yangtze River Delta region.

The project is expected to boost cooperation between Tongzhou district and Beijing Liandong Investment and integrate their strengths in land, investment and operation methods, said Liang Huanyu, vice-president of the company. 

Representatives from Nantong and Beijing pose for a group photo during the signing ceremony of an urban industrial complex in Tongzhou district on April 18. [Photo/tongzhou.gov.cn]