The public tender for major 2008 Olympic venues and relevant
construction projects has been completed as two successful bidders
signed up the contracts in Beijing Saturday.
A bidding combo, made up of 11 Chinese and overseas companies,
won the tender for the National Gymnasium and the Olympic Athletes'
Village, while the bid of the Convention Center went to another
consortium, consisting of two local enterprises Beijing North Star
Industrial Ltd. and Beijing Real Estate Group Ltd.
Beijing Vice Mayor Liu Jingmin said Saturday's signing ceremony
signals the successful completion of the public tender for the 2008
Olympics projects.
The Beijing Olympic organizers have also finished the tender for
four other major Olympic projects, including the National Swimming
Center, the National Stadium, the Wukesong Cultural and Sports
Complex, and the Olympic Aquatic Park
These projects demand a total investment of about 20.5 billion
yuan (US$2.48 billion), 85 percent of which will be raised through
marketing mechanism.
"The construction of four main stadiums will start this
December, and most of the projects will get underway next year. All
of them will be finished by the end of 2006, " said Liu, also vice
president of the Beijing Organizing Committee for the Games of the
XXIX Olympiad (BOCOG).
(Xinhua News Agency November 8, 2003)