Boyuan Construction Group, Inc., a fast-growing construction company in China of commercial, residential and municipal infrastructure projects, announced that it has initiated construction on a residential development located in Haikou, a city on Hainan Island, one of Boyuan's core markets. The development totals 109,000 square metres and is valued at US$23.6 million.
"Demand for our services remains strong as the government continues to set policies and encourage infrastructure and tourism investment in Hainan, consistent with its stated goal of making Hainan Island a major international tourist destination by 2020," said Mr. Cai Liang Shou, Chairman of Boyuan Construction Group.  "This additional project on the island reflects our growing presence and reputation as a premier provider of construction and engineering services."
Completion of Boyuan's new project is expected in the fourth quarter of calendar 2013.
Launched in 2009, China's International Tourist Destination Policy is aimed at fostering Hainan Island's economic growth and development. As part of the goal to turn Hainan Island into a major international tourism destination, a tax-free shopping plan for foreign travelers was implemented effective January 1, 2011.
About Boyuan Construction Group, Inc.
Based in Jiaxing City, China, Boyuan Construction Group, Inc. is in the business of commercial building and residential construction, municipal infrastructure and engineering projects.  In its last three fiscal years ending June 30, 2011, Boyuan completed more than 70 projects for a number of private and public sector clients.  Boyuan's current project backlog includes residential, commercial, industrial and mixed-use developments.  From its operating bases in Zhejiang Province and in Hainan Province, Boyuan focuses on construction projects in China's fast-growing regions of the Yangtze River Delta, Hainan Province and Shandong Province.
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