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22.Tianjin will spend a decade in developing Yujia Pu into a financial innovation hub
http://www.tj-summerdavos.cn 2014-09-08 19:49

In order to facilitate finance innovations and meet the requirements of the modern financial service system, Tianjin is planning to spend five to ten years to develop the Yujia Pu area into a leading finance innovation center at the international level.

Yujia Pu is an important part of the central commercial area in the Binhai New Area. Covering an area of 3.86 million square meters and with 120 planned land masses and a construction area of 9.5 million square meters, Yujia Pu is located in the north shore of Haihe in Tanggu District. A 45-minute train to Beijing from here will be available from 2011 onwards, when the Yujia Pu station of the Beijing-Tianjin express railway opens for traffic. That will make Yujia Pu the most vibrant economic zone in the pan-Bohai Bay area.

Planning and Constructing the Yujia Pu financial service center is a crucial step for the Tianjin Municipal Government to implement the Central Government’s decision of developing the Binhai New Area. It has important practical implications for Tianjin to improve its financial service capacity in order to facilitate its drive to becoming the finance center in North China.

In order to learn more about township planning experience from domestic and overseas, Tianjin organized a worldwide urban design competition for the planning of Yujia Pu Township with the help of International Union of Architects. This worldwide competition took seven months. Yujia Pu’s current initial plan is derived out of the competition, international consultancy and the adjusted positioning of its functions.

The idea for the township design is to build a central street with clusters of urban structure around. It is further divided into different areas by the nature of regional functions, including the exhibition sector, modern finance, traditional finance, education and training, commercial buildings and so on. The overall construction area for these buildings is 7.22 million square meters.

According to the requirements of the overall plan, Yujia Pu takes the initial construction area as the priority and will make further development step by step. A method of constructing while making use of the completed buildings has been adopted. The overall plan is as follows: one year for initial development, three years for overall construction, five years to establish the general scale, and ten years to finish the project.

Source:Enorth.com.cn

Editor: Zhang Jialu
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