New urban village renovation project breaks ground in Huaxi

The groundbreaking ceremony for the resettlement housing project for the Shihetian Urban Village Renovation in Huaxi district, Guiyang, capital of Southwest China's Guizhou province, was held on March 31. It is the first urban village renovation project to commence in Guiyang City and Gui'an New area in 2024.

Senior officials from Guiyang and the Guizhou Branch of China Development Bank attend the groundbreaking ceremony. [Photo/Guiyang news network]

The renovation of the urban village is aimed at improving people's livelihoods and promoting high-quality urban development. In recent years, Guiyang and Gui'an have been working to renovate urban villages to high standards, continuously improving urban functions and quality.

This year, Guiyang and Gui'an plan to implement 46 urban village renovation projects involving the transformation of over 40,000 households, with a total investment exceeding 150 billion yuan ($20.73 billion).

The Guizhou Branch of the China Development Bank and the Guizhou Branch of the Agricultural Development Bank of China have actively participated in and provided services for these projects. To date, they have provided 33.4 billion yuan in credit for 25 projects, offering strong financial support for the renovation of urban villages in Guiyang and Gui'an.

This year, Huaxi has actively mobilized resources, coordinated efforts, and made significant progress in seven urban village renovation projects, which are now fully underway.