The Shenzhen Municipal Government will arrange 661 projects involving 1.24-trillion-yuan (US$178.37-billion) in investments and spend 65.7 billion yuan this year, an increase of 15.9 percent over the previous year, according to an investment report by the Shenzhen government.

If the investment budgets of district governments are included, the city will invest 176.9 billion yuan into key projects in 2020, up 23.7 percent compared to the previous year, the report released by the Shenzhen Development and Reform Commission showed.

The total fixed asset investment in the city is estimated to reach 840 billion yuan this year, an increase of 15 percent.

The city will increases issuance of municipal bonds and special bonds to raise funds and explore ways of issuing bonds to overseas investors. It also plans to open the infrastructure and public service sectors to private investors through public and private partnership.

Among the investments, 82 percent will be spent in districts outside the original special economic zone and on projects promoting integration between districts, especially in infrastructure, livelihood ecology and auxiliary projects for industrial innovation.

The investment in infrastructure is budgeted at 37.7 billion yuan, accounting for 57 percent of municipal total investment.

In 2020, seven Metro lines including Line 6, Phase I of Line 8 and Line 10 will be put into use.

The city will spend 18.1 billion yuan on livelihood projects, accounting for 27.6 percent of city’s yearly investment. The projects include cultural facilities, schools, hospitals and housing.

In addition, 6 billion yuan will be spent on river quality improvement, waste disposal and ecological environment protection.