Shanghai demonstrated a strong commitment to infrastructure development in 2024, pouring a record 238.3 billion yuan ($32.5 billion) into major construction projects, exceeding its annual target by 3.6 percent.

The achievement represents a significant 5.6-percent increase compared to the previous year.

The investments spanned a diverse array of sectors, including transportation, technology, and public welfare, with 21 new projects launched and 35 completed throughout the year.

Over 100 billion yuan was allocated to critical infrastructure projects such as railways, roads, and water facilities, highlighting their importance in driving the city's economic growth.

Key transportation projects like the Shanghai-Suzhou-Huzhou Railway, the initial section of the Airport Link Line and the westward extension of Metro Line 17 commenced operations, bolstering regional connectivity within the Yangtze River Delta region.

Furthermore, projects like the Shanghai East Railway Station and the fourth-phase expansion of Pudong International Airport progressed rapidly, underscoring Shanghai's ambition as an international hub.

Emphasizing technological advancement, the city witnessed the completion of projects like the Huawei Shanghai Research and Development Center and the Zhangjiang Fudan International Innovation Center.

2024 also marked the launch and completion of the Tesla Megapack factory and INESA’s Intelligent Computing Center.

In addition, Shanghai prioritized its residents' wellbeing with the early completion of the Shanghai World Expo Culture Park, the groundbreaking of the Shanghai Industrial Museum, and the opening of the Shanghai Children's Medical Center.

Source: Shanghai Municipal Commission of Housing and Urban-Rural Development