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Miyun Industrial Development Area Co. Ltd. has planned to build a modern automobile parts manufacturing base, in MIDA, Miyun, Beijing, which will have Beiqi Foton Motor Co. Ltd. and Beijing-Hyundai as leading companies in the base. Planned total investment 4.16 billion yuan, MIDA would like to cooperate with foreign investors and attract 2 billion yuan foreign capital. Construction of the base includes leveling 3 million sqm. land, building 250 thousand sqm roads, 14000 meters water supply pipe, 15000 meters rainwater pipe, 15000 drainage pipe, heating station and 30000 meters pipe, a 1.1 million kVA transformer substation, 20 300-meter deep well and supportive communication, natural gas, lighting and greening facilities. Besides, there will be 55.3 ha. housing and 21.6 ha. commercial real estate to develop in the base. Calculated ROI is 13.3 percent, IRR 16.6 percent, and payback period will be 5 years.
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