Investments in Hebei key projects reached 108 billion yuan in the first five months of 2012, according to data from the Hebei province development and reform commission.

The investment quota achieved 32.4 percent of the planned target, among which 54.1 billion yuan came from started projects - 28.8 percent of the annual planned quota. Finished continued projects achieved 52.1 billion yuan, taking up 35.8 percent of the annual planned quota.

Started projects contributed to 66.5 percent of total projects. The 238 projects that have commenced include Hebei Aotai New Energy Co Ltd, Huagang Gas Co Ltd, Chang’an Dingzhou car production base and Capital Ecological Agriculture Development Industrial Park.

Previous projects have also progressed well. Five projects, including the Zhangjiakou Bashang Area wind power base and Hebei Zhongyan Salt Co Ltd, have been completed and added to the investment quota of 1.75 billion yuan.

The Beijing—Zhangjiakou railway project, Xingtai railway project, Caofeidian coal port and ore port have been approved by the National Development and Reform Commission. Construction of the Weixian county power station has now been approved by the National Energy Administration.