Foreign Companies Welcome to Engage in Beijing's Infrastructure: Mayor

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Last updated at: (Beijing Time) Wednesday, January 23, 2002

Foreign Companies Welcome to Engage in Beijing's Infrastructure: Mayor

The 2008 Olympic Games will bring great opportunities to the city, especially to the city's transport and environmental protection sectors. Beijing government welcomes experienced foreign companies to engage in infrastructure projects and has set up a new office in charge of communicating with foreign enterprises.

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Foreign enterprises are welcome to engage in Beijing's infrastructure projects, said Liu Qi, mayor of Beijing, which is to host the 2008 Olympic Games.

Liu made the remark Tuesday while meeting Pierre Bilger, president and CEO of French-based power engineering and transport group Alstom.

The 2008 Olympic Games will bring great opportunities to the city, especially to the city's transport and environmental protection sectors, Liu said.

Beijing will complete 150 kilometers of underground railway and light railway by 2008, and another gas pipeline which will bring the city's annual gas supply to four billion cubic meters.

The municipal government welcomes experienced foreign companies to engage in such infrastructure projects, he said. The government has set up a new office in charge of communicating with foreign enterprises for transportation projects.

Bilger said that both Alstom and the French government are interested in Beijing's infrastructure projects.

Alstom has established more than 10 joint ventures in China.

Beijing Olympics Creates Huge Business Opportunities

Around 180bn yuan for infrastructure construction, 142 key projects, 9m square meters refurbished housing --- all these mammoth plans will be carried out in future seven years since Beijing has won the 2008 Olympics bid. Economic exports say Beijing's hosting of the Games would bring great business opportunities.

US investors jump for joy
Most US businessmen are no less excited than Chinese people, for they have seen the profits can be netted from Beijing's Olympic Games.

Olympics attract Taiwan investments
Financial experts and bankers in Taiwan say after Beijing wins Olympic bid the mainland will surely launch huge projects for infrastructure construction which will lead a northward flow of Taiwan investments as the mainland steps up opening of its markets.

HK's economy to benefit
Beijing's success in bidding for 2008 Olympics will bring about business opportunities for Hong Kong and help its further development.

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