Knowledge City
agreement
Keppel will work with the Guangzhou Municipal Government through its Guangzhou Development District (GDD) Administrative Committee to conduct a feasibility study on jointly developing the proposed Knowledge City in Guangzhou.
The concept of a Knowledge City in Guangdong was proposed by Keppel and accepted by the Guangdong Provincial Government for further joint feasibility study.
The Knowledge City is envisaged to be an ecologically friendly city with conducive conditions for attracting and developing talent, skilled manpower and knowledge-based industries. The Knowledge City will be positioned as a model and catalyst for Guangdong Province’s industrial upgrading and ecologically sustainable growth.
While the Knowledge City project is commercially driven, it enjoys the strong support from the Singapore and Guangdong governments. Technical experts from Singapore government agencies and companies will complement Keppel Group’s expertise to conduct the feasibility study jointly with our Guangzhou partners.
The joint feasibility study is expected to take four months to complete. Both parties intend to proceed to jointly develop the Knowledge City if the project is assessed to be commercially viable and based on mutually agreeable terms. Keppel intends to form a consortium of investors for this purpose.
Property Report Asia stated the proposed Knowledge City will be a greenfield development of about 50 sq km. The Guangdong Provincial Government and Keppel have jointly decided that the site for the Knowledge City shall be located at the GDD North Zone in the eastern part of Guangzhou Municipality.
This site is about 35 km from the Guangzhou city centre and 24 km from the Guangzhou Baiyun International Airport and well served by expressways.
The government is considering extending the Guangzhou mass rapid transit network to the proposed site. The proposed site is currently very sparsely populated and the land-use intensity is very low.
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