The four parties and their representatives signed MOUs on 8 January 2019 to collaborate on developing the Sino-Singapore International New City in Chongqing.
Surbana Jurong recently signed agreements with two Chinese cities – Chongqing and Danzhou – signifying the Group’s commitment to working closely with our partners and supporting China’s growth.
On 8 January 2019, Surbana Jurong signed MOUs to collaborate on developing Sino-Singapore International New City in the new district of Liangjiang in Chongqing. Chongqing is one of China’s four municipalities under the direct administration of central government, the other three being Beijing, Shanghai and Tianjin.
The MOUs were signed with Chongqing Zhongxin Demonstration Project Management Bureau, Chongqing Liangjiang New District Management Committee, and Vanke Enterprise (Vanke Group). The signing took place at the 4th China-Singapore Joint Implementation Committee Meeting.
Representing Surbana Jurong was Mr Teo Eng Cheong, CEO International (Singapore, Southeast Asia and North Asia). The project plans to leverage Singapore’s successful experience in urban planning and management to create a people-centric urban development model that integrates industrial developments and urban living to promote investment and raise the living standards.
Surbana Jurong CEO International Teo Eng Cheong (left) signed MOUs with the municipal governments to lend support in areas such as infrastructure financing and urban design.
In an earlier development on 2 November 2018, Surbana Jurong together with China Construction Bank signed an MOU with the Chongqing Municipal Government to provide support in various areas of the China-Singapore (Chongqing) Demonstration Initiative on Strategic Connectivity. These areas include the financing needs of major infrastructure construction, and the potential development of a financial technology city, housing rental projects as well as smart cities projects.
This MOU develops from the collaboration agreement between Surbana Jurong and China Construction Bank signed in September 2018 to jointly pursue and develop business opportunities arising from the BRI, and to provide industry leading services to clients in the Asia-Pacific region on possible infrastructure construction projects.
Separately, Surbana Jurong also signed an MOU with the Danzhou Municipal People’s Government to explore collaboration in areas such as masterplanning and urban design. Danzhou, a city in Hainan province, will leverage Surbana Jurong’s success in planning and design to develop a sustainable, industrialised city, promote investment and raise living standards.
