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JingTong Expressway Project, Beijing 1.
Brief Introductio
1)
Name: Jingtong Expressway
2) Location: Beijing 3) Details: Jingtong Expressway starts, in the west, from Bawangfen (in the east of Beijing) to Jingyulu in the east with the length of 14.65km. The connecting road linking Baliqiao and Beiyuan (in Tongxian) is 4.15 km. The total length is 18.8km. This is a new project by using Sino-foreign contractual investment scheme with a total investment up to 1.9 billion RMB. 2. Role of the Corporation As
entrusted by the Beijing Municipal Government, the Corporation acted
as the developer of this project as well as one of the initial investors.
3. Responsibilities of the Corporation
In this project, the detail responsibilities of the Corporation were
as follows:
1) Planning 4Assist relevant agencies of the Beijing Municipal Government in preparing project documentation including feasibility report ( in substitution for project proposals) for the further project approval; 4Undertake the project structural design in accordance with international practices following consultations with relative authorities; 4Design the investment and financing scheme as well as the risk control and insurance structure 4Undertake the responsibility of organizing offshore investment consortium by BOT method. 2) Bid Invitation 4Propare all the contracts, legal documents and other relevant documentation including the pre-qualification document and tendering documents, notice of the pre-qualification results and the qualification evaluation of the interested investors; 4Organize consultations and notarizations with pre-qualified potential investors at home and abroad in the field of engineering, legal and financial issues and to assist the government in negotiating with potential investors as the governmental agent and to finally select the investors with whom the Investment Agreement was signed. 3) Establishment of the Project Company 4Draft the Articles of Association of the Project Company and prepare the required documentation for approval; 4Draft the Concession Contract and arrange the required personnel for the construction period and coordinate the relation among various shareholders. 4) Participating in investment In order to strengthen the confidence of investors, the Corporation also participated in project investment so as to conduct continuous coordination during the construction process and commercial operation. 4. Achievements and Comment This project was approved in 1994 by the State Council and completed in 1995. It was put into commercial operation by the end of 1996. |