OREANDA-NEWS.  September 13, 2012. A grand commencement ceremony for Xuefu Yueyuan, the very first newly-started public rental housing project in Chongqing City was convened. Officials present at the event included: Vice Secretary Huang Qifan of CPC Chongqing Municipal Committee, Vice Chairman Yu Yuanmu of Chongqing Municipal People's Congress, and Vice Mayor Ling Yueming of Chongqing Municipal Government. Chairman Yao Jinchuan of China Metallurgical Construction Group (CMCCLTD Group) delivered a speech at the ceremony as the only one representative of all the contractors under this project, reported the press-centre of MCC Group. 

The project covers a total land area of 52 ha, a floorage area of about 1.92 million square meters, with a plot ratio of 3.99 and a greening rate of 30.12%. There are about 27.000 apartments for rental, with a resident capacity of over 60,000 persons, which are designed with several structures such as single room, two-bedroom and three-bedroom. The supportive facilities include two kindergartens, one primary school, one secondary school and more than 6,000 parking spaces. This project will be jointly contracted by CMCCLTD Group, Chongqing Construction Engineering Group, China Chongqing International Construction Corporation (CICO)and  Chongqing Yuhai Holdings.

Huang Qifan addressed the commencement ceremony. He emphasized the significance of the construction of public rental housing project in meeting the resident demand of the low-income groups, accelerating the urbanization and industrialization process, as well as promoting the continuous economic growth of the local area. Huang pointed out that, as the first project of such kind in this year, Xuefu Yueyuan project would serve as a link between past and future.

This project must be implemented on an active and steady basis, the commencement, completion of construction and building-up of supportive facilities should be fulfilled within three years, five years and seven years respectively. During this process, focus shall be laid upon the commencement ratio, completion ration, supportive ratio, allocation ration and the management organization of the residential districts. Efforts shall not only made on the construction but also the management work, with a target to establish this project into one the bases of harmonious development for the local people in Chongqing.

At conclusion, Huang Qifan declared the formal commencement of Xuefu Yueyuan Public Rental Housing Project. Afterwards he laid the foundation for this project together with the other officials and leaders of the employer and the contractors.