Major changes have taken place in the management mechanism of Hainan's highway projects: with the approval of the Hainan Provincial People's Government, the Hainan Provincial Department of Transportation has changed the investment and construction owner of the highway construction project with a total investment of 145.9 billion yuan to Hainan Provincial Communications Investment Holdings Co., Ltd. and Hainan Highway Construction Project Management Co., Ltd. and other two provincial state-owned enterprises. It is reported that this is an important reform in the history of Hainan's transportation project construction, which is of great significance.

Danzhou Section of Hainan Round-the-Island Tourist Highway

At the same time, the Hainan Provincial Department of Transportation aims to create a first-class business environment, build and create an open, fair, fair, and fully competitive road engineering construction market, and introduce social capital to invest in road engineering construction. The highway project of capital construction - the PPP project of the G98 Greater Sanya Expansion Project has been approved by the Hainan Provincial People's Government and will soon enter the bidding process, which marks that the Hainan Provincial Department of Transportation has initially established a new mechanism for standardized and diversified highway project management.

According to the "14th Five-Year Plan" Transportation (Highway and Waterway) Development Plan of Hainan Province, there are currently 63 provincial-level highway projects to be started in Hainan Province, with a total investment of 145.9 billion yuan, and the average annual investment in the next three years will reach 48.6 billion yuan . Editor/Xu Shengpeng