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

Ser. No: 076 Industry: Agriculture, Forestry, Animal Husbandry, Fishery and Related Industries
March, 2001
Project Title
The Damutu Tidal Flat to Be Enclosed for Land and Developed for Breeding in a Multiple Way at the Second Phase
Cooperation
Form
Joint Venture or Cooperation

Project
Description

ProjectScheme,
Construction
Planning,
Marketing Analysis,
Business Scaleand
Estimated Sales
The scale of construction: enclosing 15,600 mu(1,040 hectares) of tidal flat for breeding aquatics and other complex development.
The Damutu tideland at the second phase would be enclosed from Beigu Hill to Longdong Hill via Dayang Isle. The sea embankment will be 3208 metres long. The tideland to be enclosed will total 15,600 mu, including 3,000 mu for construction, 7,800 mu for plantation, 3,000 mu for breeding, and 1,800 mu for flood detention. The project is aimed at the extension of land by enclosing the tideland. This would provide land for the county's construction, and raise the battle against flood. Meanwhile, in deep water are bred the greater croaker, perch, prawn, swimming crab and others. After the project is completed, the compensation fee for the transfer of 3,000 mu land can be obtained, and the fee to the use of enclosed land on an area of 7,800 mu will be paid, thus resulting in a considerable economic results. The project is composed of two parts,i.e., the tidal flat to be enclosed and its necessary facilities. The duration of construction would be three years.
The annual sales income is expected to be 150 million yuan with the annual profit of 22.5 million yuan.

Equipment Tobe Importedand Rawmaterials to Be Supplied

-

Estimated Investment and Benefit Analysis

Total
Investment
USD
16 million
Registered
Capital
USD
6.4 million
Annual
Salesincome
RMB
150 million
Investment Form of Foreign Partner
Annual
profit
RMB
22.5 million
Cash
Technology
Equipment
Brand
Others
Internal
Rateof
Recovery
15 percent
¡Ì
-
-
-
-
Recovery
Periodof
Investment
6 years

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

Xiangshan Damutu Tidal Flat Enclosure & Development Company, Ltd., an economic entity with legal person, can perform the independent economic reckoning internally and be responsible for the economic duty externally. It takes full charge of project construction, production and operation.
Location Advantage
The location advantage is available for project construction.
Process of The Project
Feasibility study completed
Document
Savailable
Feasibility study
Chinese Partner to Contact
Xiangshan Foreign Investment Service Centre
Person to
Contact
Sun Xiaofen
Address
11th floor, Luye Mansion, Dancheng Town, Xiangshan County, Zhejiang, China
Post Code
315700
Telephone
0086 - 574 - 65722141
Fax
0086 - 574 - 65751673
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