THE PROPOSED PROJECTS FOR INTERNATIONAL ECONOMIC
AND TECHNICAL COOPERATION IN NINGBO IN 2001

Ser. No: 004 Industry: Infrastructure
March, 2001
Project Title
Fenghua Section of the Middle Coastal Road at the First Class
Cooperation
Form
Joint Venture or Cooperation

Project
Description

ProjectScheme,
Construction
Planning,
Marketing Analysis,
Business Scaleand
Estimated Sales
The scale of production: Fenghua section, 38.204 Km in length and 22.4 m in width, with 2 bridges and 1 tunnel.
The project is the frame of the Chuanshan Peninsula connection with the road networks along the coastal ports, and an integral part of the coastal road system in Ningbo as well. It will be built according to the speed of 60Km per hour for a motor vehicle at the first-grade road. The investment is estimated to be 299.793 million yuan, with the average cost of 7.8472 million yuan for one Kilometres. The duration of construction will be 3 years, starting in 2002 and ending by the end of 2004. The traffic is predicted to be 6192 numbers per day in 2005, 11102 numbers per day in 2015 and 23634 numbers per day in 2025.
It is anticipated that the annual business income would be 42.66 million yuan with the annual profit of 19.8 million yuan.

Equipment Tobe Importedand Rawmaterials to Be Supplied

-

Estimated Investment and Benefit Analysis

Total
Investment
USD
36.2 million
Registered
Capital
USD
12.1 million
Annual
Salesincome
RMB42.66million
Investment Form of Foreign Partner
Annual
profit
RMB 19.8 million
Cash
Technology
Equipment
Brand
Others
Internal
Rateof
Recovery
13 percent
¡Ì
-
-
-
-
Recovery
Periodof
Investment
12.57 years

Present Status of Chinese Partner(Current Ownership, Total Assets and Fixedassets, Present Products and Sales, Present Equipment Andtechnology and Facilities, etc.)

Fenghua Communications and Industry Corporation, the state-owned firm, is mainly engaged in investment for the communication construction. It can be provided with the total assets of 307.13 million yuan.
Location Advantage
Located at the southeastern coastal region, Fenghua is well endowed with natural resource, and its clothing industry is in full flourish. Tongshan coastal expressway, Ningbo-Jinhua expressway under construction, and Ningbo-Linhai provincial highway all run through Fenghua City.
Process of The Project
Now under preparation, and planned to start for construction in 2002.
Document
Savailable
Preliminary feasibility study
Chinese Partner to Contact
Fenghua Communications and Industry Corporation
Person to
Contact
Zhen Changyue
Address
166, Nanshan Road, Daqiao Town, Fenghua, Zhejiang, China
Post Code
315500
Telephone
0086 - 574 - 88585402
Fax
0086 - 574 -88523269
E-mail
-
Website
-

Municipal Liaison Department: Ningbo Municipal Commission of Foreign Trade and Economic Cooperation
(Ningbo foreign Investment Development Board)
Address: 190 Lingqiao Road, Ningbo 315000, P.R.China
Telephone: 86-574-87327023(Information Liaison Dept.), 87315735(The First Sector Dept.), 87310671(The Second Sector Dept.)
Fax:86-574-87315992, 87327429
E-mail: xmb@ningbochina.com
Website: www.ningbochina.com