Beijing's New Rules on Municipal Infrastructure Projects

Beijing municipality's Concessions for Urban Infrastructure Procedures (the Procedures) were announced on September 10 2003 and became effective as of October 1 2003. At the same time Liu Zhihua, the vice-mayor of Beijing, also announced 50 new infrastructure projects in the capital city worth over US$7 billion. As part of Beijing's drive to modernize its basic infrastructure, the Procedures reflect an attempt to increase both domestic and foreign investment for the financing and operation of new and existing infrastructure construction projects.

"Concession Operations" for Infrastructure Projects