Beijing Takes Step to Privatize Urban Infrastructure, Public Works

Home>>China

Last updated at: (Beijing Time) Friday, September 12, 2003

Beijing Takes Step to Privatize Urban Infrastructure, Public Works

The Chinese capital of Beijing is inviting investment for the construction of 50 urban infrastructure projects and public works in an attempt to privatize the sector.

DISCUSSION

CHINESE

SEND TO FRIEND

The Chinese capital of Beijing is inviting investment for the construction of 50 urban infrastructure projects and public works in an attempt to privatize the sector.

Previously, construction of urban infrastructure and public works projects, which feature long term investment but low returns,were fully financed by the government.

Projects on the investment list include the No.4 and the first phase of the No.10 subways, with a total length of 52.73 kilometers, the extension project from Gaoliying to Shayugou on the Beijing-Chengde freeway, and a partial privatization of the Beijing section of the Beijing-Shijiazhuang freeway.

The Beijing Municipal Government said investment is also welcome in five sewage treatment plants, five trash treatment plants and a plant for treating medical waste.

Part of the 24.59-kilometer first phase of the No.10 subway will be specially constructed to link to Olympic Games venues in Beijing in 2008.

Completion of these 50 projects will require over 60 billion yuan (7.23 billion US dollars).

Zhao Wenzhi, director of Beijing Municipal Committee of Communications, said a range of measures, including exclusive dealership, establishment of a charging system, will be introducedto safeguard legitimate rights of investors.

Questions?Comments? Click here

When will the Immolation between the Jews and the Arabs Come to an End? ( 19 Messages)

Powell Says US-China Ties Best Since 1972 ( 10 Messages)

RMB Should Not Be Lumped Together with US General Election: Commentary ( 26 Messages)

Taiwan Huge Rally Opposes Lee Tung-hui's Split Plan ( 3 Messages)