(Yicai Global) May 18 --Teamax Smart City Technology Co., Ltd. [SZ: 000662], headquartered in Hangzhou, capital city of the eastern China's Zhejiang province, will develop a smart city operation platform for Zaozhuang city in southern Shandong province. It will also help the city build a big data center and big data industrial new town.
The company has signed a cooperation agreement with the Zaozhuang High-Tech Zone Management Committee, and Shenzhen Airport Group Shipeng (Qingdao) Holdings Limited on May 16, Teamax said in a statement yesterday.
The scale of investment for the development of Zaozhuang smart city operation platform has yet to be determined. The total investment for the big data center project is initially estimated at CNY1.5 billion (USD218 million), while the big data industrial new town project will have an investment budget of CNY5 billion, the statement said.
Teamax will be responsible for the construction, operation and maintenance of southern Shandong province’s big data center project and Zaozhuang smart city project. Teamax and two other partners will also carry out joint investment, construction and operation of the big data industrial new town project, the company statement added. It is planned that the big data industrial town will have an output value of CNY10 billion, and generate over CNY50 billion for the related industries within next 10 years.