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

Ser. No: 006 Industry: Infrastructure
March, 2001
Project Title
The wharf for the General Purpose at Daxie Island
Cooperation
Form
Joint Venture or Cooperation

Project
Description

ProjectScheme,
Construction
Planning,
Marketing Analysis,
Business Scaleand
Estimated Sales
The scale of construction: intended to build the 20,000DWT general-purpose berth, concurrently for 50,000-tonnage ships.
The project is planned to build the 20,000 DWT general-purpose berth, 215 metres in length and 34 metres in width. The bridge approach is 9 metres wide. Its annual handling days will exceeding 330 and the annual handling capacity will reach 550,000 tons. The area will total 98,900 square metres, with 380 metres in average land depth. The Daxie Development Zone stands opposite Beilun Port across the river, and boasts the favourable conditions for the port construction. The project is very necessary for the Daxie Development Zone to create the good investment climate and speed up the development of Daxie Development Zone.
It is predicted to make 23.4 million yuan in the annual business income with the annual profit of 7.8 million yuan.

Equipment Tobe Importedand Rawmaterials to Be Supplied

Part of main equipment will be imported and the advanced technology introduced abroad.

Estimated Investment and Benefit Analysis

Total
Investment
USD
20 million
Registered
Capital
USD
8 million
Annual
Salesincome
RMB 23.4 million
Investment Form of Foreign Partner
Annual
profit
RMB 7.8 million
Cash
Technology
Equipment
Brand
Others
Internal
Rateof
Recovery
8.5 percent
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-
-
Recovery
Periodof
Investment
9 years

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

CITIC Daxie Development Company, a wholly-owned subsidiary company under China International Trust & Investment Corporation (CITIC), was established on Jan.11,1994 with the approval of state Economic and Trade Commission.
Its main task is to develop land in spots on Daxie Island on behalf of CITIC.
Location Advantage
It is intended to build a wharf at the northwest of Daxie Island due to its favorable deep-water conditions with peaceful wave and smooth current. The main road has been built round the island, and infrastructures such as water and power supplies, and telecomunication, are being carried out in accordance with its plan. Behind the harbor lies a flat and broad hinterland, available for the mining of stone nearby.
Process of The Project
The preliminary location prospecting work and the feasibility study evaluation were made. The preliminary design is now under way. This project will start to be built before April,2001.
Document
Savailable
The description of the project
Chinese Partner to Contact
The Investment Bureau of Ningbo Daxie Economic Development Zone
Person to
Contact
Sun Shenlin
Address
Ningbo Daxie Economic Development Zone, China
Post Code
315812
Telephone
0086 - 574 - 86768458, 86769227
Fax
0086 - 574 - 86768433
E-mail
citicdx@mail.nbptt.zj.cn
Website
www.citic-daxie.com

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