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INVESTMENT DIRECTORY
 

PREFACE


中文版        ENGLISH

Shantou City, located in the Southeastern Guangdong Province and facing the South China Sea, has been enjoying a good name of the Door of East Guangdong and Communication Hub of South China.  Being a beautiful harbor city, Shantou is a famous hometown for overseas Chinese and one of the five Special Economic Zones in China as well.  Under its jurisdiction, there are six urban districts and one county, namely, Jinping, Longhu, Haojiang, Chenghai, Chaoyang, Chaonan, and Nan’ao.  At the end of 2006, the population is 4.95 million, total area 2,064 km2, and urban area 1,956 km2.

 

Perfected infrastructure facilities, favorable intangible investing environment, beautiful natural environment, and sound water and air qualities, all these make the city an ideal place to work and live.  Already equipped with a modern and comprehensive communication network in air, sea, land express transportations and telecommunications, Shantou is the State’s Model City for Environmental Protection, China’s Excellent Tourism City and National Advanced Clean City.  It is one of the earliest and most open cities that opened to the outside world in China, enjoying the favorable policies that the Central Government endows to Special Economic Zones, and thus establishing economic management mechanism, social management system and social life ideas that are in accordance with international practices.  Since the Reform and Opening-Up, Shantou has witnessed rapid growth in its economic and social development.  In 2006 the city’s GDP reached 74.092 billion yuan, local revenue 3.493 billion, fixed investment 17.7 billion, and deposit balance of domestic and overseas currency 110.9 billion.

 

In September 2006, the Guangdong Provincial Committee and Government held a meeting in Shantou on promoting the economic and social development for East Guangdong.  The important meeting issued detail documents and measures to assist the acceleration of East Guangdong, helping the area to hopefully achieve “sound foundation in three years, considerable changes in five years and tremendous development in ten years”.  The 9th Session of the CPC Shantou Committee also established the city’s perspective as a modern port city, a regionally central city and an ecological seaside city.  Three economic belts, namely, the East Urban Economic Belt, the Industrial Economic Belt and the Ecological Economic Belt will be built as a breakthrough to form the new pattern of Shantou’s future growth.  The city will further implement the open policies of industry and investment access, push forward the paid use and marketizaiton of the city resources, attract a diversity of investors and financing, and introduce the private and foreign funds to invest in the municipal facilities and public service sectors.

 

According to the Notice of Encouraging Investment in the Basic Facilities and Public Facilities in Urban Shantou (file no.: Shan Hu [2002]85) issued by the Shantou Municipal Government, 118 projects are selected to compile this Recommended Projects for Investment Attraction, among which, there are items of basic infrastructure, industrial parks, industrial manufacturing, farming, tourism and others.  Any party who is interested, please contact the project undertaker directly for further service and information.

 

We sincerely welcome friends from home and abroad to come and invest, to attain mutual prosperity and to head for a brighter prospect of Shantou! 


 

118 ITEMS FOR INVESTMENT

 

I. INFRASTRUCTURE

 

Item 1

Name:          Phase One of Shantou Harbour Guang’ao District

Brief Introduction:  

A. The project is located in the northern prolongation of the #1 berth of Guang’ao Port District (the Start-Up project) of Shantou Guang’ao Bay.  The project is already listed in National Key Communication Projects Plan in China’s Tenth Five-Year Development Plan, and it is also the key project for Shantou’s infrastructure construction.  The Ministry of Communications has already approved the feasibility study and preliminary design of this project.  In this Phase One Project a 20000-ton all purpose berth and a 20000-ton general berth will be built respectively.  The design of the water & engineer structure will be designed up to the berth of 50000-ton container vessel.  Gravitational caisson structure will be adopted, and the foreland water depth will be -15 meters, bank length 435 meters, reserved length 147 meters.  The designed annual handling capacity is 960,000 ton, and the figure can be increased to 1,500,000 ton or 400,000 TEUs with the perfection of the loading and unloading equipment.  The auxiliary facilities for stack ground, roads, feedwater and drainage, power supply and illumination, telecommunication, environmental protection, production and living will constructed accordingly.  The first phase of the outer sea-route water depth will dredged to -13.8 meter, and the second phase to -15 meters.  The total investment will be RMB383.23 million, out of it, 33.9 million will come from the appropriation of the Ministry of Communication and the redemption of the public fund, 116.25 million from bank loans, and the rest will be raised by the Shantou Port Group Co., Ltd.  

B. The period of economic return will be 23 years.  After all the investment completed, the aftertax fiscal internal yield will be 12%, higher than the general 8% of port yield.  The aftertax net value will be RMB132.31 million, and the period of aftertax investment return will be 7 years.  Assessment of the project shows that the project will have good performance in the profit-making ability and investors will have sound and quick financial return. 

C. Market Prospect:  According to the city’s general plan of urban construction, the Shantou Petrochemical Industrial Base will be situated in the area of Dahao, and the 1st Polystyrene Resin Plant of Shantou Ocean Group will be relocated to the Shantou Free Trade Zone, making the Guang’ao district become hub of petrochemical raw materials and finished products.  It is estimated that after the project is completed, the annual traffic of the Phase One will reach 940,000 ton and 300,000 TEUs, covering petrochemical products, cereals and other 700,000 ton of general goods.

D: The Progress:  The project was started in Nov 2002.  Now all the 49 caissons have been prefabricated and 23 have been installed.  The main body of the #2 berth and part of the rear stack ground have been completed, two cranes were installed in Oct 2006, and 70% dredging were finished, making the #2 berth ready for simple operation.  Up to now RMB260 million has been invested, marking 70 percent of the whole investment.  The project is expected to be completed and put into operation in the first half of the year 2008 hopefully.

Total Investment:   RMB383.23 million (investment amount approved by the Ministry of Communication)

Method of Investment: Joint venture.  The portion of investment is negotiable.

Method of Running:       To be jointly managed by both of the investing parties.

Term of Running:           Negotiable.

Company:                 Shantou Port Group Co., Ltd.

Person in Charge:          Zhang Qingchun

Person to Contact:  Yao Wencheng

Phone No.:                86-754-8932221

 

 

 

 

Item 2

Name:          The 50,000-ton petrochemicals terminal of Shantou Harbour Guang’ao District

Brief Introduction:  

                            A. The 50,000-ton petrochemicals terminal of Shantou Harbour Guang’ao District is located inside the east breakwater bank of the Shantou Guang’ao Bay.  Bank length is reserved for petrochemical purpose and the project was included in the general development play of the Shantou Harbour.  The dock length is 295 meters, width 20 meters, height +4.5 meters, foreland depth -13.6 meters.  Prefabricated quadrel stakes will be adopted in the structure.  The designed annual handling capacity will be 1.36 million ton, mainly dealing with petrolic and chemical products.  The 231-mu auxiliary area is situated at the Yingpan Hill behind the dock, reserved for the oil storage.  The Shantou Land Resources Bureau has approved the blueprint of this reserved area where there is only tiny hills and no residents living, making it easy to construct and develop.  The designed volume of the oil storage is 210,000 m3, and will be constructed in two phases, phase one 120,000 m3, phase two 90,000 m3.

B. The anticipated financial performance.  1. The Dock: Fiscal internal yield (after the income tax deducted) will be 10.28%, higher than the general 8% of financial benchmark.  The net value will be RMB14.564 million, static period of aftertax investment return 9.89 years, and period of bank load refund 7.9 years (two years of construction included).  The project will have good performance in the profit-making ability.  2. The Storage: Assessment of the project shows that the project will have sound profit-making ability and good economic performance.  The total investment (short-term plus long-term) will be RMB220.28 million, and the aftertax internal yield will be 10.66%, profit margin 8.16%, profit and tax  ratio 9.7%, aftertax investment return 8.35 years.

C. Market Prospect:  This project is built to serve the Shantou Petrochemical Industrial District, solving the problem of relocation of the oil docks in the Shantou city proper and providing secure dock transfer services of the water transportation of the petrochemical products.  The anticipated annual traffic of the terminal is 1.36 million ton.

D. The done preparation:  The project’s application report and feasibility report have been completed by the State Fourth Navigation Design Institute and Guangdong Petrochemical Institute, report of environmental influence and evaluation approved by the Guangdong Provincial Bureau of Environmental Protection, report of safety pre-evaluation examed and passed by the Water Communication Safety Assessment Center.  The application report has been approved by the City’s Bureau of Development and Reform, and transferred to the Provincial Commission of Development and Reform.  Other preparation is under progress.

Total Investment:  RMB305.00 million (240.69 million for the first phase).

Period of construction:  Two years.

Method of Investment: Joint venture.  The portion of investment is negotiable.

Method of Running:       Cooperative; or exclusively managed by the coming investors.

Term of Running:           Negotiable.

Company:                 Shantou Port Group Co., Ltd.

Person in Charge:          Zhang Qingchun

Person to Contact:  Yao Wencheng

Phone No.:                86-754-8932221

  

 

 

Item 3

Name:          Phase Two of Shantou Harbour Guang’ao District

Brief Introduction:  The project is located in the Guang’ao Port District of Dahao District of Shantou City.  Two 50,000-ton container terminals are to be built, and 100,000-ton dock structure is reserved.  The annual handling capacity will be 600,000 standard TEUs, and the relevant facilities like machinery equipment, bank protection, stack ground, roads, feedwater and drainage, power supply, telecommunication will be built.  The total investment is about RMB1 billion.  This project is listed as the key construction project in the Shantou Port’s 11th Five-Year Development Plan (Year 2006-2010) and submitted to the Central Government.  The all-round preparation of this project is to be started this year and the verification & approval be finished next year.

Total Investment:   RMB1 billion approximately.

Method of Investment: Exclusively ownership (recommended) or joint venture. 

Method of Running:       Cooperative; or exclusively managed by the coming investors.

Project Undertaker: Shantou Port Authority

Person in Charge:          Lin Weisheng

Phone No.:                86-754-8932280

 

  

 

Item 4

Name:          The 300,000-ton Crude Oil Terminal of Shantou Harbour Guang’ao District

Brief Introduction:  Shantou is one of the five petrochemical bases planned in Guangdong Province.  Big scale petrochemical projects will be introduced to settle down in the city and a 300,000-ton crude oil terminal will be needed accordingly.  The Guang’ao district enjoys a superior natural condition to build a big-scale terminal.  The 20-meter natural water depth is 3 kilometers offshore, 23-meter depth 5.8 kilometers offshore, making the place a rare and fine shore in China to build a 300,000-ton crude oil terminal.  The designed annual handling capacity is 20 million ton, and according to initiative appraisement, the total investment will be 600 million yuan, among which, only 360 million yuan is needed for the building of sea floor pipes.  The feasibility report of this project was already made by the State Fourth Navigation Design Institute in May 2006.  Up to now, there has been no site selected for the construction of big strategic oil storage and big crude oil terminal in the long coastline between Quanzhou of Fujian Province and Huizhou of Guangdong Province.  And Shantou is situated in the middle point of this coastline, enjoying the ideal conditions to build big crude oil terminal and strategic oil tank.

Total Investment:   RMB600 million approximately.

Method of Investment: Exclusively ownership or joint venture. 

Method of Running:       Cooperative; or exclusively managed by the coming investors.

Project Undertaker: Shantou Port Authority

Person in Charge:          Lin Weisheng

Phone No.:                86-754-8932280

 

 

 

Item 5

Name:          Shantou Beizhou Sewage Processing Plant

Brief Introduction:  Shantou Beizhou Sewage Processing Plant, covering an area of 93 mu, is located in the southwest of Shantou Jingping Industrial Park.  The scale will be processing 160,000 ton sewage per day, and planed to serve the 20.8-km2 area west to the Meixi Creek and east to the Xigang Creek.  Recently the Shengping 1st and 2nd Industrial Parks, totally 4.8 km2 are included in its coverage.  So that the service area will be 25.6 km2, processing 160,000 ton sewage per day.  The technology of A/O calcar will be adopted.  The project will be constructed in two phases, 80,000 ton/day for each phase, with an investment of 210 million yuan.  An auxiliary catchwater network outside the plant will also be built, and for the first phase a 21-km-long 800-2000-mm pipe, three confluence stations and a sewage pump station will be built.

Total Investment:   RMB250 million approximately.

Method of Investment:   BOT

Project Undertaker: Shantou Environmental Protection Bureau

Person in Charge:          Cai Nuchao

Phone No.:                86-754-8625385   

Fax No.:                            86-754-8627570 

 

 

 

Item 6

Name:          Shantou Leidashi Municipal Refuse Incineration & Power Plant

Brief Introduction:  

       A. Scale of Construction:  To incinerate 1200 ton of household waste per day; installed capacity: 24000 kilowatt; annual generation volume: 150 million kwh.

B. Technology:  A 3-incinerator & 2-generator scheme will be adopted, viz. three incinerators of processing 400 ton garbage per day and two 12-mw generators.  The project will be constructed in two phases: a production line of 800-ton procession per day (2 incinerators & 2 generators) will be built for the first phase, and a production line of 400-ton procession per day (1 incinerator) for the second phase.

C. Equipment Scheme:  Only up-to-date incinerators and state-recognized refuse incineration and generation technology and will be adopted, rotation stoves won’t be allowed.  If additive auxiliary fuel is needed, the volume of addictive shall comply with China’s relevant regulations; the generators and part of equipment may be domestic brand products.  The technology to be adopted shall have successful examples of running, and priority will be given to those domestic technologies which have independent intellectual property right.

D. Economic Performance:  According to the notice of further supporting reproducible energy issued by the State’s Plan Commission and Ministry of Science & Technology (file no: Ji Ji Cu [1999]44), the investment profit rate shall not be lower than “the lending rate of the corresponding loaning period +5% for a municipal refuse incineration & power generation project if it adopts domestic generation equipment.  Therefore, investment to this project will have guaranteed capital and marginal profits.

E. Market Prospect:  Although the project has marginal profits and long return period, it shall be a strategic investment with its stable running and little risk.

F. Done Preparation:  a. The letter of intent for site selection and blueprint of construction have already been registered in the city’s planning authority.  b.  Detailed scheme of investment attraction has been completed.

G.. Term of Construction:  Two years.

H. Site of Construction:  The around 190-mu valley land north to the Shantou Special Waste Processing Center and west to the Leidashi Municipal Refuse Dump in Tuolian Communicy of Jinping District, Shantou.

Total Investment:   RMB500 million approximately.

Method of Investment: BOT

Method of Running:       Chartered Management

Term of Management:    25 years

Project Undertaker: Shantou Urban Management Bureau

Person in Charge:          Xu Yang

Phone No.:                86-754-8525018

E-Mail:                       stcsglj@sina.com

 

 

 

Item 7

Name:          Auxiliary Service of the Beishanwan Beach

Brief Introduction: Connected to the Shantou Gulf Bridge and Shenzhen-Shantou Expressway in the north and Dahao Town in the south, the Beishanwan Beach enjoys a superior geographical position and natural condition.  The 2-km curve beach boasts its clear water, silver sands, flat and wide seabed.  It has attracted lots of citizens to come for swimming and fun since it was opened to the public free of charge in 2006.  The amount of visitors is near one million a year.   With more and more people coming, investment are needed to be introduced to enhance the overall service facilities of the beach.  Items to invest:

A.  General Service Center of Beishanwan Beach.  The 40-mu center is going to be built near the beach, needing an investment of 8 million yuan.  Items includes the management center, tourist shop, fresh water shower and storage service, swimming and beach item renting, Chaoshan food street and seafood street restaurant.  B. Seaside-flavor Leisure Villas.  Also near the beach, the 120 villas will occupy an area of 20 mu and needs investment of 7 million yuan.  C. Seashore Entertainment Stage.  The item will be built on the rocks in the middle of the Beishanwan Beach, covering an area of 30 mu, and investment of 5 million yuan will be put into building the outdoor T-shape stage, seaside bar, angling corridor and small yacht berth.

Method of Investment: We own the land use right and sole management right of the public beach, investor join with capital

Method of Running: Negotiable.  Investors may invest in the above three items as a whole or separately

Term of Management:    30 years

Term of Return:       8-10 years expectedly.  Capital return rate 15-18% within the period of cooperation.

Project Undertaker: Shantou Administration of Beishanwan Tourist and Resort District

Person in Charge:          Peng Kuaile

Phone No.:                86-754-8869543

Person to Contact:  Yu Weiliang 13902708139,  Chen Chunkai 13433823436

Phone No.:                86-754-8838571, 8863462

Fax No.:                            86-754-8869365 

 

 

Item 8

Name:          Reinforcement & Standardization of the Shangpengwei River Bank

Brief Introduction:  Shangpengwei is located in the Waisha Town and Xinxi Town of Longhu District, Shantou City.  According to the States Council’s Approval of the General Plan of Shantou’s Urban Development (File No: Guo Han [2003]55), Shangpenwei was brought into the development plan of Shantou’s central urban area.  In Shangpengwei there is a navy & civil airport, nearly 400,000 residents, and the total output of industry reaches 3 billion yuan.    The reinforcement and standardization of the Shangpengwei River Bank is one of the main projects for Shantou to prevent and control floods.  This project gained the approval by the Guangdong Provincial Commission of Development and Reform in Aug 21, 2006.  The standard of prevention is one encounter per 50 years, and 23.938 km of river bank is planned to be reinforced, 6 culverts or sluiceways to be rebuild or strengthened.  At the moment the project is under the way of reconnaissance, design and inviting public bidding.

Total Investment:   RMB101.92 million

Method of Investment: BT

Term of Running:     Term of purchase: 5 years, to be purchased by the Longhu District Government or company authorized by the District Government

Project Undertaker: Water Conservancy Bureau of Longhu District, Shantou

Person to contact:          Xiao Chun

Phone No.:                86-754-8838167 

 

 

Item 9

Name:          Infrastructure Construction of the Qishanbei Industrial Zone

Brief Introduction:  Covering an area of 30.13 hectares, the Qishanbei Industrial Zone is bordering Chaozhou Road on its east, Chaoshan Road on its west, Nan’ao Road on its south and Chenghai Road on its north.  The Industrial zone is close to the Qishan Residential Quarters, Jinyuan Industrial Estate and Shantou North Industry District, and is 6 km away from Shantou University, 5 km away from the Shantou West Hi-Tech Industrial Park.  Together with the Shantou West Hi-Tech Industrial Park and the Shengping Industrial Zone, it can make up the Shantou West Industry District where big-scale and high-efficient intensive manufacturing can be realized.  The Qishanbei Industrial Zone, between Lianchi Creek and Meixi Creek, enjoys a fine geographical position, beautiful natural landscape and moderate climate with an annual average temperature of 21.30, which make it a suitable place for working and living, and for high-tech industries.  With the city’s main road—Chaoshan Road running through the west of the Zone, and the planned city roads extending to all directions, the transportation will be perfected and convenient.  At the moment the infrastructure of the Qishanbei Industrial Zone has not been perfected yet, and development of land and public infrastructure is needed.  Both domestic and overseas investors are welcome in this sector.

Total Investment:   RMB14 million

Method of Investment: BT or Cooperative

Project Undertaker:  Management Office of the Jinping Industrial Estate, Jinping District, Shatnou

Person in Charge:          Zeng Weiqun

Person to contact:          Mr. Lin

Phone No.:                86-754-8226036

 

 

 

Item 10

Name:          First Phase of the Liangying Sewage Treatment Plant

Brief Introduction:  Liangying Sewage Treatment Plant, covering an area of 108 mu, is located in Liangying Town, Chaonan District.  The planning and land-acquisition of the plant will be done at one time, and the construction will be in two phases.  In the first phase, a 30000-ton sewage treatment plant and an auxiliary 19.68-km catchwater pipe network will be built, with a total planned investment of 86.04 million yuan.  The project was already started at the end of 2005, and 35% of the construction has been completed.  The preliminary work of the catchwater network has bee done and the construction can be started very soon.  The plant is to be completed and begun its operation in August 2008.  The plant is willing to sell its management right or attract partner in investment and management cooperation.   

Total Investment:   RMB86.04 million

Method of Investment: TOT

Method of Running: Cooperative or self-running

Term of Running:     17 years

Project Undertaker:  Liangying Sewage Treatment Plant, Chaonan District, Shatnou

Person in Charge:          Huang Bo  13536943836

Phone No.:                86-754-5588506

Fax No.:                            86-754-5581729

 

 

 

Item 11

Name:          Construction of the Xiashan North Ringroad, Chaonan District

Brief Introduction:  The two-direction & 6-driveway Xiashan North Ringroad is 5.173 km long and 48 meters wide, with non-vehicle & pedestrian sideways.  The project was started in 2004, and most of the roadbed and part of the cement surface have been completed.  Completed investment accumulated to 36.6 million yuan.

Total Investment:   RMB154.6 million

Method of Investment: BT

Method of Running: Bid winner will be granted with the right of investment and be responsible for the construction of the Ringroad.

Term of Running:     Term of construction: 2 years, term of purchase: 5 years.  To be purchased by the Chaonan District Government or company authorized by the District Government

Project Undertaker:  Xiashan Municipal Construction Co., Ltd., Chaonan District, Shantou

Person in Charge:          Xiao Weiming

Phone No.:                86-754-7813719

 

 

 

Item 12

Name:          Xiashan Sewage Treatment Plant, Chaonan District

Brief Introduction:    The Xiashan Sewage Treatment Plant consists of two parts, namely, the short-term project and the long-term project.  The short-term project is to process 30000 ton waste water per day, and the long-term one (in 2015) is to process 60000 ton per day.  The two parts will be open to public bidding as a whole, but the investment for the long-term project can be suspended and no need to put on immediately.  The term of construction will depend on the area and volume of waste water needed to be processed, which will be decided by the District Government.  The construction shall be followed the construction drawing issued by the Zhongnan Municipal Design Institute.

Total Investment:   Not less than RMB60 million for the short-term part

Method of Investment: BOT

Method of Running: Chartered management

Term of Running:     25 years

Project Undertaker:  Xiashan Sewage Treatment Plant, Chaonan District, Shantou

Person in Charge:          Xiao Weiming

Phone No.:                86-754-7813719

 

 

 

Item 13

Name:          First Phase of the Heping Sewage Treatment Plant

Brief Introduction:    Heping Town is located in the lower reach of Lianjiang River, with the State-level Highway 324, Provincial-level Highway S237 and Hehui Road running through within its territory.  The town covers an area of 51.9 km2, has a population of 162 thousand, and 36-km-long Lianjiang River Bank.  In recent years a big amount of industrial sewage and household garbage has been poured into Lianjiang and the river is severely polluted.  In order to solve this problem, a land of 100-mu in Xinhe village will be used to build a sewage treatment plant.  The planning and land-acquisition of the plant will be done at one time, and the whole project will be constructed in phases.  The investment for the first phase will be 84.45 million yuan, and a 34000-ton sewage plant and the auxiliary catchwater network and a midway pump station will be built, covering the household and industrial waste water in Heping Town.  The quality of output water shall reach China’s Stand I of Sewage Emission.  This project is already listed in Shantou’s 11th Five-Year Development Plan.   

Total Investment:   RMB84.45 million (evaluated)

Method of Investment: Cooperative or others

Method of Running: To be negotiated

Term of Return:        20 years

Site of Construction:      Xinhe

Project Undertaker:  Heping Town Government, Chaoyang District, Shantou

Person in Charge:          Zheng Yantong  13902717009

 

 

 

Item 14

Name:          Nan’ao 400,000-KW Offshore Wind Power Plant

Brief Introduction:    Located in the southwest of Taiwan Strait, Nan’ao Island is endowed with rich wind resource.  The annual average wind speed is over 8.54 m/s, efficient wind power density 1101 watt/m2, efficient wind speed time over 7200 hr/year, all making the island one of the best windy places in the world.  Since the initial operation in 1989, there have been 131 various turbines installed in the Nan’ao Wind Farm with a total installed capacity of 56,680 kilowatts and annual generation capacity of 140 million kwh, and a number of professionals in wind power generation has been nurtured.  According to statistics, the condition of offshore wind power generation is better than the onshore one.  Nan’ao Island has broad inshore area which provides favorable conditions to build offshore wind farms.  The Nan’ao 400,000-KW Offshore Wind Power Plant is planned to be constructed in four sea areas phase by phase, and investment is also needed for the construction in phases.

Total Investment:    In phases, depends on the situation of development

Method of Investment: Cooperative or others

Method of Running: Sea site and preliminary preparation provided by the Nan’ao County Government, capital provided by the investors

Term of Return:        10 years

Site of Project:          Changshanwei sea area of Nan’ao

Project Undertaker:  Nan’ao County Investment Introduction Center

Person in Charge:          Ke Hanxiong   13302706596

Phone No.:                86-754-6802240

Fax No.:                            86-754-6812673

 

 

Item 15

Name:          Nan’ao LPG Transfer Station

Brief Introduction:    Approved by the State Plan Commission and the Ministry of Commerce, the Station will be built in the Budai’ao Bay of Yun’ao Town, Nan’ao County, 7 nautical miles away from the main international sea route, and with the island ring road passing nearby.  The total constructed area will be 5000 km2, and the planned capacity of load & unload and transfer will be 1 million LPG per year.  Up to now, 108 million yuan has been invested, with a resulting of completing of the system of water, power supply & telecommunications, the land leveling, the construction of the 424,758-m3 breakwater bank, and the construction of the 1814 m2 general control office building.   At the moment coming capital is needed to invest in building two 50000-m3 low-temperature normal-pressure LPG tanks, four 2000-m3 normal-temperature LPG tanks, one 50000-ton berth, two 2000-ton berths, one 1000-ton berth, two reserved 3000-ton berths, with 3000-m2 auxiliary facility and one 2000-m2 auxiliary freezer.

Total Investment:    RMB760 million (allowed in phases)

Method of Investment: Joint venture or cooperative.  45% invested by the Nan’ao Government (more stock equities transferable) and 55% by the out coming investor.

Site of Project:          Budai’ao Bay, Nan’ao County

Project Undertaker:  Nan’ao County Investment