Project Name: Longkou-Yantai local railway project

Region: Yantai City Shandong Province
Contact Person:Meitang wen
Tel: 0086-535-6396609£¬6396611¡¡ Fax: 0086-535-6396666
Email:asia@yantaiinvest.gov.cn

Project sponsor: Yantai local railway arrangement office

Total Investment(Unit: USD10000): US$130million

Mode of cooperation:Equity joint venture

Brief introduction to the project:
¡¡¡¡Yantai Long-Yan railway passed regions suited in the northem coastal area of shandong peninsula, with advantageous location, good economic basis, large development potential, abundant resources of minerals, seas and oceans, tourism and agriculture.The section is a key part of hunghua-Yantai railway, west from longkou station through longkou city, penglai city, fushan district, development zone, and zhifu district to yantai city, measuring 124.54 km. There is three class I open ports in state-level along the railway line, that is yantai, penglai, longkou. The construction of the railway line will expand the rear thoroughfare of the three ports, improving the ability of clearing out ports and promoting the further development of ports.
¡¡¡¡Found in bohai sea, a large scale oil field above the sea is the largest oil field found in china to this day with reserves of more than 1.3 billion tons. Long-yan railway, which plays an important role for the development and construction of the project, has not only efficient transportation quantity and fairly considerable economic benefits, but also huge social effect.
¡¡¡¡The project will be constructed with three years. The ratio of profits in financial interior of the total investment will be 8.20 percent. The payoff period of the investment will be 13.15years(three years of construction period included), the net profit value will be 234.95 million yuan, with good financial benefits.