| Brief Profiles Of Investment Projects
For China's Agenda 21 |
| Title | A Sustainable Agricultural Base in Hainan Province | ||||||||||||||||||||||
| Type | New agricultural development | ||||||||||||||||||||||
| Description | |||||||||||||||||||||||
| In the Qiongzhong District of Hainan, an island province in the southern end of China, 700 ha. of tropical fruits such as longan, litchi, carambola, macadamia nuts etc. will be planted and 10,000 marketable cattle will be bred in a newly developed pasture area. 5,700 ha. of uncultivated land will be developed for expansion of a sustainable agricultural base. Only existing and available high quality fruit varieties will be cultivated that have freshness-retention Characteristics. Cattle will be selectively bred for quality and efficiency. The cultivation and breeding practices will be non-polluting and the produce will be free of harmful residues. The produce will be exported to other parts of China and to Asian, European and African markets. | |||||||||||||||||||||||
| Rationale | |||||||||||||||||||||||
| Agriculture and animal husbandry in Hainan province will be developed to make more effective use of its natural resources. Development of eco-agriculture will help to alleviate poverty by creating job opportunities and increasing the supply of available quality foods at reasonable prices. This project will also contribute to long-term conservation of the ecosystem of the island. These quality products have proved, strong domestic and export markets. | |||||||||||||||||||||||
| Products | |||||||||||||||||||||||
| Annual Output: Longan: 15000 kg/ha., 400 ha.; Litchi: 12000 kg/ha., 200 ha.; others (on a total of 70 ha.) including Carambola: 13500 kg/ha.; Guava: 13500 kg/ha.; Custard apple: 13500 kg/ha.; Jamborool: 13500 kg/ha.; Macadamia nuts: 13500 kg/ha., Marketable cattle: 5000/year including live cattle, beef, hides and by-products. 60% of all the above products will be exported. | |||||||||||||||||||||||
| Location | Li-miao autonomous county, Hainan province | ||||||||||||||||||||||
| Available Information | (Pre)feasibility Study | ||||||||||||||||||||||
| Total Investment (US$) | 13.9 million |
Foreign Currency (US$) |
4 million | ||||||||||||||||||||
Financing |
Co-operation Sought | ||||||||||||||||||||||
| Total Equity (US$) | 11.6 million |
Joint Venture | |||||||||||||||||||||
| Of which Equity Foreign Partner (US$) | 5.6 million |
Cooperative Production | |||||||||||||||||||||
| Loan (US$) | 2.3 million |
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| Others(specify) (US$) | |||||||||||||||||||||||
| Indicators of Viability | Cultivation Project - Return on Investment: 50.4%; Pay-back Period: 7 years; Breeding Project - Return on Investment: 15.6%; Pay-back Period: 10 years. | ||||||||||||||||||||||
INFORMATION ON SPONSOR | |||||||||||||||||||||||
| Name | Hainan International Tourist Investment Co. Ltd. | Tel | +86-898-8531550 | ||||||||||||||||||||
| Address | Huitong Building, Guomao Road, Haikou city, Hainan | Fax | +86-898-8532690 | ||||||||||||||||||||
| Annual Turnover (US$) | 1993 | 750,000 | 1994 | 960,000 | 1995 | 1.2 million | |||||||||||||||||
| Year of Establishment | 1993 | No. of Employees | 68 | Ownership | Corporation | ||||||||||||||||||
| Fixed Assets (US$) | 3.8 million | Registered Capital (US$) | 12.5 million | ||||||||||||||||||||
| Land (ha.) | 5700 | Building (m*m) | 2600 | Equipment (US$) | 680,000 | ||||||||||||||||||
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