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

Ser. No: 048 Industry: Service Industry
March, 2001
Project Title
Development of Holiday Resort at Sunhu Lake
Cooperation
Form
Cooperation

Project
Description

ProjectScheme,
Construction
Planning,
Marketing Analysis,
Business Scaleand
Estimated Sales
The scale of construction: to develop and build the holiday resort centre at the Sunhu Lake, complete with tourism, entertainment and recreational facilities.
Fine buildings and modern facilities will be erected in the area, including a high comfort hotel, a swimming centre, a forest baths, a fishing club, a military entertainment centre, a tennis court, a charming golf links, villas and other infrastructure concerned. After completed, the tourist area will be rich in tourist source. Depending upon Shanghai, Hangzhou and Ningbo, it would radiate from here into the whole country.
It is predicted to make 200 million yuan in the annual business income with the annual profit of 40 million yuan.

Equipment Tobe Importedand Rawmaterials to Be Supplied

If investors would like to make an investment in our area, they can choose their projects with interest according to the general plan of the area. Except for this, investors can pick it up at their will, and then, what they like will be listed in the general plan after evaluation of the chosen site.

Estimated Investment and Benefit Analysis

Total
Investment
USD 48.43million
Registered
Capital
USD
16.3 million
Annual
Salesincome
RMB
200 million
Investment Form of Foreign Partner
Annual
profit
RMB
40 million
Cash
Technology
Equipment
Brand
Others
Internal
Rateof
Recovery
8 percent
¡Ì
-
-
-
-
Recovery
Periodof
Investment
15 years

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

The lake area around the Sunhu Lake covers a mountain forest of more than 1,800 mu with a 500 mu-shoaly land. Its present land area totals 13,300 square metres, including 1,800 square metres for the construction. Part of field and road have been built.
Location Advantage
The project site is most close to the downtown Ningbo in connection with the landscape. It is 8 Km away from Ningbo city proper, and only one Km from Baoguo Temple with about 1,000 years of history, an important cultural site under the state protection. Hemmed in on three sides by ranges of hills, the project site faces the water. As a result, it is an ideal resort for entertainment.
Process of The Project
The project is now under preparation, and its preliminary plan completed.
Document
Savailable
The description of the project
Chinese Partner to Contact
The Foreign Investment Service Office of Hongtang Town, Jiangbei District, Ningbo
Person to
Contact
Chen Honghai
Address
The Government Building of Hongtang Town, Jiangbei District, Ningbo, China
Post Code
315033
Telephone
0086 - 574 - 87586152
Fax
-
E-mail
jbinvest@mail.nbptt.zj.cn
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