US$350 million projects for 2008 games open to bids (01/29/02)

2004-06-12 15:17

Projects involving a total investment of 2.9 billion yuan (US$350 million) are now set to invite public bids, revealed Guo Junqing, deputy director of the Beijing Development Planning Commission (BDPC).

The four projects are mapped out to prepare for the 2008 Olympic Games in Beijing.

The four projects are Dongcun Garbage Disposal Plant, Caoqiao Revolving Thermal-power Plant, Lugou Bridge and Beiyuan sewage treatment plants.

"Hong Kong investors, familiar with the domestic market and having rich experience of international practices, are particularly welcome to take an active part in the ambitious infrastructure projects of the 2008 Olympic Games," said Guo.

Ran Yongsong, deputy chief of the Investment Department under the BDPC, said an investment return compensation system has been set up to encourage foreign funds in the programs.

In addition, 37 stadia for the 2008 Olympic Games will also be opened to public bids in the second half of this year.