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

Ser. No: 007 Industry: Infrastructure
March, 2001
Project Title
Ninghai Section of Xiangshan-connecting Highway of the Coastal Expressway from Tongjiang in Heilongjiang Province to Sanya in Hainan Province
Cooperation
Form
Joint Venture

Project
Description

ProjectScheme,
Construction
Planning,
Marketing Analysis,
Business Scaleand
Estimated Sales
Construction scale: a total distance of 17.9 km.
Ninghai section of Xiangshan-connecting highway of the coastal expressway from Tongjiang to Sanya is located in Ninghai county. It is designed according to the standard of first grade highway on hilly area. The highway is 17.9 km in distance and 24.5 m in width and 4 lanes on two directions with green-belt and protection fence respectively along them. As a fee-collecting highway, its facilities are advanced and perfect. The original road in this section was of low quality grade and in winding shape, which limited the development of the investment environment and economy along the road. After the highway is putting into operation, those towns and villages along the highway will obtain new developing opportunities and become an area with developing economy. At present, the traffic volume has reached 2800 pieces, and it is anticipated to increase by 8% every year. The project will receive a good economic benefit and ideal economic return rate.
The annual operating income is estimated to be 23.73 million yuan, and the annual profit 14.75 million yuan.

Equipment Tobe Importedand Rawmaterials to Be Supplied

-

Estimated Investment and Benefit Analysis

Total
Investment
USD
15.85 million
Registered
Capital
USD
12.5 million
Annual
Salesincome
RMB 23.73 million
Investment Form of Foreign Partner
Annual
profit
RMB 14.75 million
Cash
Technology
Equipment
Brand
Others
Internal
Rateof
Recovery
20%
¡Ì
-
-
-
-
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.)

Ninghai Transportation Industrial Development Co., Ltd. is a state-owned enterprise with a registered asset of 6 million yuan. Its operation scope concerns the investment in building roads, bridges, channels and other transportation facilities. Recently, it has completed the construction of Xiangshan and Ninghai-connecting Highway of Tong-San Expressway, with an investment of 190 million yuan. Ninghai section of Ningbo coastal highway with an investment of 300 million yuan is now under construction. This project is the important transportation hub connecting Tong-San Expressway and linking Ningbo with Xiangshan and the outlying district. The completion of the project will greatly improve the economic development in the area.
Location Advantage
Ninghai is located at the economic-developed coastal area with perfect infrastructure and convenient transportation and communication. It is an ideal place for living as it has abundant talents, pleasant weather and beautiful environment. The county government attaches importance to local economy development and opening up by carrying out various preferential policies for foreign investors and making the official affairs public, in order to guarantee a better soft investment environment in Ninghai.
Process of The Project
For investment promotion.
Document
Savailable
Feasibility study report
Chinese Partner to Contact
Ninghai Foreign Investment Administration
Person to
Contact
He Jianchun
Address
5#, Renmin Rd., Chengguan Town, Ninghai County
Post Code
315600
Telephone
0086-574-65578702 65578709
Fax
0086-574-65583709
E-mail
nhzs@ninghaichina.com
Website
www.ninghaichina.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