When will the new urbanization construction of Beifu Village in Xilu Street start

1. On March 9, 2015, Fangshan District Government and Pearl River Investment Co. signed a strategic cooperation framework agreement on the urban-rural integration transformation of the northern five villages in Xilu Street of Fangshan District and the Beijing Pearl River Life and Health City project.

2. The overall development of the five northern villages of Xilu Street (Gucun, Anzhuang, Zhanzhuang, Dongyan Village, and Nanshanggang) will be carried out in two phases, with the first phase including the three villages of Gucun, Anzhuang, and Zhanzhuang in Xilu Street, and the second phase including the two villages of Dongyan Village and Nanshanggang, and the total estimated investment is about 30 billion yuan, and the overall construction is expected to last for about eight years, with the completion of all the demolition and relocation work by 2017 and the completion of All industrial construction.