Ten investment projects with a combined value of 5.9 billion yuan ($856.31 million) break ground in Taizhou Bay New Area, East China's Zhejiang province on Feb 21. [Photo/taizhou.com.cn]

Ten investment projects with a combined value of 5.9 billion yuan broke ground in Taizhou Bay New Area, East China's Zhejiang province on Feb 21.

The projects, which are mainly related to fields including manufacturing, digital economy, modern services and urban construction, are expected to inject new vitality to the area's development.

Among the 10 projects that started construction is Taizhou Digital Technology Park.

The industrial park, which is backed by an investment of 1.37 billion yuan and covers an area of 89.81 mu (6 hectares), will primarily focus on digital tech innovations and digital content creation.

The other projects that commenced construction that day include a future residential community and a factory that can produce 500,000 sets of gears annually.

Established in August 2020, Taizhou Bay New Area is Zhejiang's sixth provincial new area, following the Hangzhou Qiantang New Area, Ningbo Qianwan New Area, Shaoxing Binhai New Area, Huzhou Southern Taihu Lake New Area, and Jinhua Jinyi New Area.