Haidong Core Districts Underground Utility Tunnel PPP Project
Haidong, Qinghai Province, China
Haidong Urban and Rural Planning and Construction Bureau
PPP; underground utility tunnel; municipal engineering
|PROJECT COMPLETION/EXPECTED COMPLETION DATE|
The underground utility tunnels of core districts in Haidong mainly cover Ledu District’s older neighborhoods, Chaoyang Mountain area, Dadi Bay area and Medical Town area, as well as Pingan District’s older neighborhoods, newly-built highspeed railway area, residential area and core business area. The integrated utility tunnel project includes double-cabin tunnels under main roads, single-cabin tunnels under bypasses and triple-cabin tunnels under main roads.
The Haidong Municipal Government authorized Haidong Urban and Rural Planning and Construction Bureau (hereafter referred as “the Bureau”) to serve as the initiator and construction institution of this project. A PPP project company would be co-funded by social capital raised by competition and the funding agency (Haidong Urban Development Construction Investment Co., Ltd.) designated by the government.
The project is operated under the “LOT + BOT” model. The Bureau sighed a PPP contract with the project company, which is tasked for investment and financing, design, construction, operation and transfer within the project period.
The government shareholder designated by the Haidong Municipal Government performs by relevant state-owned assets supervision regulations in corporate governance, performance assessment, remuneration administration, budget management and equity management. The government shareholder holds 40% of the shares of the project company, while the social capital holds 60%.
The project plans to complete the construction of 70.55km-long underground utility tunnels from 2015 to 2018, with an estimated total investment of 2.469 billion yuan. During the phase, 15.48 km of the tunnels was implemented in 2015 with an investment quota of 490 million yuan; from 2016 to 2018, a total of 55.07 kilometers of corridors is planned to be built, with the estimated total investment amounting 1.979 billion yuan.
Shanghai Zhongqian Investment Consulting Corporate, Chongqing Mingke Construction Consulting Co., Ltd.
Currently, the project is in construction by the plan.
The project applies a mixed-use of PPP modes. The first-built tunnels used LOT and later ones used BOT, which enables improved efficiency in inner-corporate communication, accelerates construction progress and saves construction cost.