Investing in Chinese Parking

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Investing in Chinese Parking

I received this note from a correspondent in China:

2006 inI
just had a meeting in government related to organization of
INTERPARKING this
afternoon. The main information of the meeting for your reference is as
follows.
ShanghaiIn
order to ease up the huge pressure of traffic congestion in the city of Shanghai, the government strategically plans to build 48 P+R car parks located at main points
of subway networking with total volume of 200 thousand parking spaces. It comes
up to the
opportunities for mixing private and
public transport to get greater efficiencies. These could take the form of
partnerships between Government and Business, not only for the provision of
mechanical parking garage, parking management systems, traffic safety product,
but for the car park design consulting as well. The Government is studying the
feasibility of encouraging private investment in such car parks by guaranteeing
a real rate of return to the investors and subsidizing the car park
users.
 
I hope this information is helpful
for American companies who interested in China marketplace.

If you want more inforamation – contact me at editor@parkingtoday.com

John Van Horn

John Van Horn

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