Hot of the Press:
Construction of Sport Facilities Offers Huge Business Opportunities
EVENT: Ownership Tender Presentation to be Held in Beijing
Harbin Outlines Plans for Winter Games
EVENT: Stadia & Arena Infrasport - Beijing 2008
EVENT: 2002 Beijing Economic Forum
Construction of Sport Facilities Offers Huge Business Opportunities
August 19 - (CEIS)
A world-famous finance company will become the financial consultant for the first stage land development of the 2008 Olympic Games facilities.
An official with the coordination committee for the development of the first stage of Olympic Games projects said Pricewaterhouse, one of the top five finance companies in the world, has won the bid recently to offer financial consultation to the projects.
The first-stage development of the Olympic Games facilities will cover a land area of 2.91 square kilometers. The cost is budgeted at 10 billion yuan (1.2 billion US dollars).
The coordination committee began inviting bids worldwide earlier this year to be the finance consultant. Through appraisals by the Organizing Committee of the 2008 Olympic Games, Beijing Finance Bureau, Beijing Auditing Bureau, Beijing Supervision Bureau and Beijing Land and Real Estate Administration, Pricewaterhouse was chosen.
"Pricewaterhouse has undertaken financial consultation for the 2000 Sydney Games and is now offer service for the 2004 Athens Games. These experiences, plus its practical financial solutions and its detailed preparations, are the reasons our company won," said an official with Pricewaterhouse's Beijing office. He said the event signals that Beijing's Olympic Games is an open market for companies worldwide that can participate fairly in the competition.
According to Li Lin, vice-director of the Beijing Land and Real Estate Administration and vice-chairman of the coordination committee for the first-stage development of the Olympic Games projects, the budget of 10 billion yuan will be used to buy land and relocate residents and companies, and urban facilities.
According to the Organizing Committee of the Beijing Olympic Games, significant dollars will be spent on the construction of sports facilities, the Olympic Games Village and the New Center.
This, plus huge investment in urban and other related facilities, means big opportunities for businesses at home and abroad.
EVENT: Ownership Tender Presentation to be Held in Beijing
The Beijing Development Planning Commission is pleased to invite embassies, chambers of commerce, banks and companies to attend the "Ownership Tender Presentation for the Beijing Olympic Green Venues," to be held around 4 September 2002. The presentation will introduce the concept and related issues concerning the Ownership Tender for the Olympic stadiums and related facilities to interested investors for the project. There will be an open forum to answer questions.
We would like you to reply before 28 August 2002 through fax or email. We will contact you after we receive your confirmation and send a formal invitation.
Contact Persons: Ms. Wang Jia - Ms. Liu Xin - Mr. Yan Longchun
Beijing Development Planning Commission
Beijing Economic Information Center
Tel: (010) 6641-0983, 6641-5588 ext. 1017 / 1024 / 1007
Fax: (010) 6641-0908
Email: invest@beic.gov.cn
Harbin Outlines Plans for Winter Games
August 14 - (China Daily)
The capital city of Northeast China's Heilongjiang Province Tuesday outlined how Harbin plans to stage the 2010 Winter Olympics it is bidding to host.
The city's bid committee made public its plans for sports and telecommunications infrastructure, transportation and accommodation facilities, environmental conditions and finance.
The city yesterday also said that six famous athletes would act as its representatives to promote Harbin. They are the world skating champions Luo Zhihuan, Shen Xue, Wang Xiuli, Xue Ruirong, Yang Yang (A) and Zhao Hongbo. The city, an industrial center known for its bone-chilling winters and annual Ice Lantern Festival, is one of eight cities to have applied to the International Olympic Committee (IOC) to host the 2010 Games.
The other seven cities are Andorra la Vella in Andorra, Bern in Switzerland, Jaca in Spain, Pyeongchang in South Korea, Salzburg in Austria, Sarajevo in Bosnia-Herzegovina, and Vancouver in Canada.
The IOC will vote for the host city of the Winter Games on July 2 next year.
EVENT: Stadia & Arena InfraSport 2003 - January 22-24, 2003
By participating in Stadia & Arena InfraSport 2003, suitably qualified international companies will be able to learn about many exciting opportunities associated with the 2008 Olympic Games in Beijing, investigate the potential for their products and services in the broader Chinese market and identify potential Chinese partners with the view to bidding for, and securing, lucrative contracts. Stadia & Arena InfraSport 2003 takes place during the vital tendering period for all sports venue works, which runs from 1st October 2002 until 31st March 2003: this event provides all firms wishing to bid for such projects with an ideal opportunity to demonstrate their commitment.
For more information, please visit http://www.saibeijing.com
Editor: David Snodgrass
INTERNATIONAL COPYRIGHT, U.S. COMMERCIAL SERVICE AND U.S. DEPARTMENT OF STATE, 2002. ALL RIGHTS RESERVED OUTSIDE OF THE UNITED STATES.
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