According to Shandong Development and Reform Commission, 857 of the 900 key provincial-level and preferred projects and projects of investment and talent introduction (excluding those in reserve and preparation) that planned to start construction within this year, have commenced, accounting for 95.22 percent of the annual plan and exceeding the schedule. The investment of Shandong province in the first half of this year totaled 216.66 billion yuan, accounting for 51.41 percent of the annual plan. Of this, Jinan completed over 30 billion yuan of investment and cities including Qindgao, Dongying, Yantai, Jining, Weihai and Binzhou have completed more than 55 percent of the annual scheduled investment.
Since the beginning of this year, the provincial development and reform commission has given priority to the construction of major projects, focused on solving difficulties and problems in the promotion of these projects, planned and promoted a pile of major and good projects in infrastructure, people’s livelihood and key industries. Under the unfavorable situation of the overall slow investment in the project construction, and affected by the epidemic in the first quarter, Shandong concentrated its efforts on resuming production and enhancing output capacity, took measures to promote effective investment, and quickened the pace of the construction of provincial major projects.
231 of the 250 provincial major projects have started construction, with a total investmentof 110.218 billion yuan, accounting for 51.69 percent of the annual plan. 6 of the 71 projects in preparation have commenced, with the investment totaling 1.914 billion yuan. Cities including Qingdao, Weifang, Jining, Tai 'an and Binzhou have completed over 55 percent of the annual planned investment in major construction projects. 450 preferred construction projects of the transformation of growth drivers have commenced, with a total investment of 84.084 billion yuan in the first half of this year, accounting for 51.5% of the annual plan. Zibo, Dongying, Yantai, Jining, Tai 'an, Weihai and Liaocheng completed over 55 percent of the annual planned investment in preferred construction projects of the transformation of new and old growth drivers. 189 of the 200 key contracted projects of investment and talent introduction has commenced, with the investment totaling 22.358 billion yuan in the first half of the year, accounting for 49.82 percent of the annual plan. Qingdao, Weihai, Linyi, Liaocheng, Binzhou completed over 55 percent of the annual planned investment in key contracted projects of investment and talent introduction.