Night view of Kaifeng [file photo] |
The blueprint of the reconstruction project shows that the new buildings will be built in the style of the Northern Song Dynasty, and even road signs on the streets will “reflect the character of the Northern Song Dynasty”, according to a report in China Business Journal.
A total of 80,000 families, making up nearly a third of the city’s population, will have to move out of the downtown region in the next four years, the report said.
The demolition and relocation will cost at least 100 billion yuan ($15.7 billion). The city’s financial revenue was just 5 billion yuan last year, according to the report.
Kong Xiangcheng, deputy chief of the Kaifeng bureau of housing and urban-rural development, said that the project was “very difficult” and the local government had “made preparations” for the upcoming difficulties, the report said.
The local government signed a contract on Thursday with the China Construction Bank Henan branch, in which the bank promised to provide a 15 billion yuan loan to the government within three to five years, according to the Kaifeng city government’s official website.
Li Tao, a worker at Longting Park whose 133-square-meter house is slated to be demolished, claimed 600,000 yuan in compensation, but the local government insisted on paying him only 274,030 yuan, according to a provincial news media.
The local government required the park’s administrator — the bureau of cultural heritage and parks — to persuade Li to accept the compensation deal, according to a notice published on the Kaifeng Daily on Tuesday.
The notice required seven bureaus and departments, including the public security bureau and the transport bureau to persuade some of their employees to accept the government’s compensation deal for the demolition of their houses.
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