In the first three quarters of 2020, 50.9 billion yuan was invested in key provincial projects in Hainan Island, with a completion rate of 75%. In total, 19 projects were launched with a productivity of 95%.
A number of key projects have completed investments in good condition. Among them, China's first self-managed large-scale deepwater gas field and CNOOC's first fully self-contained large-scale deepwater gas field The Lingshui 17-2 gas field completed its first production well with an annual investment of 118%. The field has proven geological reserves of over 100 billion cubic meters and is expected to be commissioned in 2021.
The annual completion rate for the second phase expansion project at Haikou Meilan Airport was 82%. On July 30, the project's test flight was successful and is scheduled to be completed and operational within a year. In addition, the G360 Wenchang- Lingao Expressway has an annual investment completion rate of 90%, while the Hainan Changjiang Nuclear Power Phase II has a 70% completion rate. The main project is currently under construction. In addition, the annual completion rate of investment in Huasheng 2 project is 62%, Boao Research Hospital 61%, Datang Gas Power Plant 49%, Maiwan Water Control Project 60%, Tianjiaotan Water Conservation Project 30%, etc.
It is reported that 105 key provincial projects will be implemented in Hainan in 2020 with a total investment of 377.2 billion yuan and an annual planned investment of 67.7 billion yuan.
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