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Xiangxiang to build aerospace military culture town with $436m investment

Updated: 2018-11-14

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Xiangxiang in Hunan province holds a signing ceremony for the Hunan Gulong Lake Aerospace Military Culture Town project on Nov 13, 2018. [Photo/WeChat account: zgxxwz]

The Xiangxiang municipal government reached an agreement on the Hunan Gulong Lake Aerospace Military Culture Town project with China Aerospace Science and Industry Corp (CASIC) and Hunan Tianhui Aviation Investment Industrial Co in Xiangxiang, Hunan province on Nov 13. 

Zhou Junwen, mayor of Xiangxiang, Tang Ning, marketing director of CASIC, and Liao Yishuo, executive director of Hunan Tianhui Aviation Investment Industrial Co, signed an investment contract for the project at the ceremony.

The project is predicted to have an investment of three billion yuan ($436 million). Its construction period is planned for five years, and will be implemented in two phases – a three year first phase and a two year second phase. 

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Representatives sign an investment contract for the aerospace military culture town project in Xiangxiang on Nov 13, 2018. [Photo/WeChat account: zgxxwz]

The mayor said that Xiangxiang, an important industrial base and tourism city in the Changsha-Zhuzhou-Xiangtan city cluster, has a good industrial base, rich tourism and human resources and obvious location transportation advantages. 

He said that the aerospace town has a vivid practice of complementing military and civilian advantages, and promotes their integration. The project has broad development prospects and will enhance the city's development of the tourism culture industry and rural revitalization.

He added that project participants should further deepen exchanges and cooperation and strive to achieve mutual benefit and common development. 

Relevant departments of the municipal government and the Party committee of Baitian town should fully support the enterprises, and promote the project construction with the highest sincerity, the best service, the best environment and the strongest guarantee to construct an excellent project with high standards and high quality.

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Zhou Junwen, mayor of Xiangxiang, speaks at the signing ceremony for the aerospace military culture town project on Nov 13, 2018. [Photo/WeChat account: zgxxwz]

Tang said that CASIC will promote cooperation with the Xiangxiang municipal government and expand the scope of cooperation based on the aerospace town.

The company will help revitalize the city's economic and social development through a combination of smart industry and urban growth, upgrading of artificial intelligence and industrial technology, and integration of space technology and civil industry.

He promised to form a reasonable and perfect plan and deployment scheme as soon as possible to start the construction of the aerospace town.