Beijing: China on Friday announced the completion of its ambitious USD 137.5 billion reconstruction project to rebuild parts of Sichuan province, which was devastated by a massive earthquake over three years ago.

Over 80,000 people were killed and millions of houses were razed to ground in the 2008 quake.

The reconstruction has been completed, the vice governor of Sichuan province, Wei Hong, who was also the director of the provincial post-quake reconstruction committee office told the media.

Wei said that 99.5 per cent of the budget has been invested in post-quake reconstruction efforts, and 99 percent of 29,692 related projects have been completed.

"The few unfinished projects are those that were affected by after-shocks and secondary disasters, which need long-term construction and huge quantities of work," Wei said.

"We are making efforts to promote the remaining projects. Local governments have successfully helped more than 12 million people in rural and urban areas repair their houses, and have relocated two lakh farmers who lost their farmlands", he said.

Basic living standards in Sichuan have been largely improved and have surpassed pre-quake levels, Wei said.

According to official statistics, in 2011, the total output value of the six hardest-hit cities and prefectures was almost double that of the pre-quake period.

Urban per capita disposable income grew by 1.7 times and farmers' net income by 1.75 times, state-run Xinhua news agency reported.

Moreover, Sichuan province doubled its economy from 2007 to 2011, and its total economy hit two trillion yuan in 2011.

The province also imported 173 of the world's top 500 enterprises, attracting foreign investment of USD 11 billion and the total volume of imports and exports grew by 54.8 per cent in 2011.

Through efforts made in the past three years, new settlements and a large number of hospitals, schools and cultural facilities have been built for people there, Wei said.

Besides the government funds, the province also received 20.1 billion yuan worth of donations from home and abroad, Wei said.