Nov. 8, 2005, by issuing document [2005] No. 2388, the National Development and Reform Commission entrusted BOT Investment Co., Ltd. to evaluate the Rongcheng to Wendeng Road Project in Shandong Province.
　Upon receiving the document, our corporation immediately organized a project expert term, made front preparation and set down specific working schedule. From Dec. 12, 2005 to Dec. 15, Wei Baisong, the Vice President led the project team and expert team to the project site in Weihai of Shandong province to make investigation, and then held a research meeting on the FSR, followed by detailed communication and discussion with relevant project institutions on existing questions. After comprehensive evaluation on the Project Proposal and the supplementary materials, our corporation submitted BOT Transportation [2006] No. 002 “Evaluation Report on the Project Proposal of the Rongcheng to Wendeng Road Project in Shandong Province” to the NDRC on Feb. 22, 2006, and successfully completed this evaluation task.
　The construction scale of this project is: the total length of the main line is 39km; the total length of the 10 bridges is 1820 m; the construction period is 3 years. The estimated investment of this project is 1.668 billion RMB, of which 1.537 billion is static investment.
　The construction of the proposed project is necessary to the completion of the trunk lines of the state expressway network, the implementation of the development planning of the expressway network in Shandong province, the completion of the regional comprehensive transportation system. The completion of this project would bring obvious social profit to the following aspects: promotion of the harmonious development of the social economy among the cities in Shandong Peninsula, upgrade of the island economic structure and enhancement of the gathering and evacuating ability, etc. As for the adaptation to the regional transportation development, the construction of this project is very important. However, the construction opportunity of this project shall be well grasped, combing the current status of the highway network within the channel as well as the development of the traffic, in order to better bring out the economic profit of this project.