亚洲人成网站18禁止中文字幕,国产毛片视频在线看,韩国18禁无码免费网站,国产一级无码视频,偷拍精品视频一区二区三区,国产亚洲成年网址在线观看,国产一区av在线

Home / News Type Content Tools: Save | Print | E-mail | Most Read | Comment
China Seeks Foreign Direct Investment for Railway Project
Adjust font size:
Details of a project for a new railway ferry link between Yantai in east China and Dalian (YDRFP) in northeast China were presented in Beijing Friday in order to draw direct foreign investment. This is a dramatic change in China's usual policy for financing railway construction projects.

According to the Chinese Ministry of Railways, the rail/ferry link begins in Dalian City at the south end of the Liaodong

Peninsular and terminates in Yantai City in the north part of Shandong peninsular, crossing the Bohai Bay in a direct line for 79.4 nautical miles or 147 km and will shorten the traveling distance between Northeast China and Shandong province by 400 km, and Northeast China and the Yangtze delta by 1000 km.

With the authority of the Ministry of Railways, the Shangdong Provincial Government and Dalian City Government, Sinorail Bohai Train Ferry Co. Ltd (SBTFC), the Chinese sponsor, is now seeking direct foreign investment to establish a joint venture or cooperation company which will be fully responsible for financing, constructing, operating and maintaining the project.

Chi Baozhang, general manager of the SBTFC, said the project will be carried out by using the BOT (build, operate and transfer) method as traditionally used in joint ventures.

The total investment is estimated at 3.39 billion yuan (US$408.4 million), of which approximately 2.43 billion yuan will be used for construction, said Chi, adding that investors' profit return is predicted to be above 12 percent.

According to Chi, to create a good investment environment, the Chinese Ministry of Railways, Shangdong province and Dalian City government have promised to ensure the completion and operation ofrelevant railways and roads as well as rear transport corridors.

Investors will also be given preferences for the use of land, water and power, communication facilities, roads and railways, he added, and favorable taxation policies will also be given to the company in accordance with the laws and regulations of the Chinese central government, Shangdong province and Dalian city government.

Wang Chunsheng, director of the Railway Cooperation Department under the MOR said that the examination of investment offers will start in May and hopefully to be completed by June.

The project is estimated to be completed in two and a half years and be operational by 2005.

(Xinhua News Agency April 27, 2002)

Tools: Save | Print | E-mail | Most Read
Comment
Pet Name
Anonymous
China Archives
Related >>
- Foreign Investment Up 15.6%
- China Shifts Focus of Drawing Foreign Investment
- New Practice to Better Protect Investors
- Foreign Investment in China Tops 400 Billion U.S. Dollars
- Construction of Two Railways in SW China to Start This Year
- Railway on Roof of the World Uses Russian Knowhow
- China Confides in Yantai-Dalian Railway Ferry Project
- Investment Breakthrough in China's Railway sector
Most Viewed >>
- World's longest sea-spanning bridge to open
- Yao out for season with stress fracture in left foot
- 141 seriously polluting products blacklisted
- China starts excavation for world's first 3G nuclear plant
- 'The China Riddle'
- Irresponsible remarks on Hu Jia case opposed 
- China, US agree to step up constructive,cooperative relations
- 3 dead in south China school killing
- Factory fire kills 15, injures 3 in Shenzhen
- McDonald's turns to feng shui

Product Directory
China Search
Country Search
Hot Buys
    1. <ul id="556nl"><kbd id="556nl"><form id="556nl"></form></kbd></ul>
      <thead id="556nl"></thead>

      1. <em id="556nl"><tt id="556nl"></tt></em>
        <ul id="556nl"><kbd id="556nl"><form id="556nl"></form></kbd></ul>

        <ul id="556nl"><small id="556nl"></small></ul>
        1. <thead id="556nl"></thead>

          亚洲人成网站18禁止中文字幕,国产毛片视频在线看,韩国18禁无码免费网站,国产一级无码视频,偷拍精品视频一区二区三区,国产亚洲成年网址在线观看,国产一区av在线 人妻无码久久影视 日韩久久久久久久久久久久 精品国产香蕉伊思人在线 无码国产手机在线a√片无灬 91在线视频无码