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SW China province lures more investment for key projects
2003-06-12
Xinhua
Southwest China's Sichuan Province is set to make public about 100 key projects at the end of June, in a bid to lure more domestic and overseas investment to stimulate economic growth.
These key projects will involve infrastructure facilities, energy, transport, urban construction and environment, trade, high technologies and transformation of State-owned enterprises, said the provincial development and planning commission.
The province in May approved 200 key projects in the sectors of transport, urban construction, environment, and tourism, which require an investment of 20.36 billion yuan (US$2.45 billion).
Some 55 of those projects each need investment exceeding 100 million yuan (US$12 million), and 103 projects need investment ranging between 30 million yuan (US$3.61 million) and 100 million yuan (US$12 million).
The province encourages investment in various forms including solely-funded companies, joint ventures, share holding, purchase, merger, lease and transfer of property rights.
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