Xiamen opens projects to foreign investment

The Xiamen municipal government is allowing
foreign companies to bid for majority shares in a RMB 3 billion bridge, a port passenger
terminal and related property and hotel projects.

Construction of the RMB 1 billion
terminal began last month and should be completed in five years.

The terminal is
intended to serve tourists from Hong Kong and Taiwan with foreign majority shareholders
permitted a role in management and planning.

The Xiamen Transport Commission
said foreign investment could account for 90 percent of the cost of the bridge.