1.The necessity and market forecast of the project     Tianjin Port is an important comprehensive port in the northen China. It can handle up to 95,663,000 tons of cargo a year including 51,348,000 tons of foreign trade. Among the amount, there are 30,153,000 tons of coal and increase 27.7% higher than that of last year.     With the development of national economy, there is a sharp requirement in the south coal market. In the 1990s, the transportation of Tianjin Port began to boom and increased from 2,181,000 tons in 1990 to 30,153,000 tons in the year 2000 (including foreign trade export of 5,091,000 tons) with the annual growth rate of 30%. At present, coal has become the largest exported goods in Tianjin Port.     Coal exported from Tianjin Port come mainly from Shanxi Province, Shanxi Province and Inner Mongolia. Under the market-directed economy, the perfect conditions and service will attract many suppliers to come to Tianjin Port to engage in coal business. There are more than a hundred suppliers who deal with the domestic trade market. Some heavy-weight Import & Export Companies deal mainly with the coal export. Foreign trade coal are mainly exported to East Asia and Europe while the domestic trade coal are mainly sold to the East and South China.     Coal exported from Tianjin Port come mainly from Shanxi Province, Shanxi Province and Inner Mongolia. The " Three Xi" coal base is located in the above areas. "Three Xi" coal base is the important development base in the country. It is a main coal production base and is rich in the coal resources with the accumulated proven coal deposits of over 400 billion tons. The coal in this area has many advantages, such as higher quality, shallow-buried, thick coal seam and convenient mining. According to the plan of Coal Ministry, the output of raw coal in the "Three Xi" area will reach 510 million tons by the year 2005 and 720 million tons by the year 2010.     The rich coal resources in our country decide the structure of energy consumption, which depends mainly on coal. Being a main energy source, raw coal can be used in industrial production and living consumption. Over 60% of the coal resources are concentrated on the North China closing to the Port. The East and South are the economic development areas in the country. The fast industrial growth enlarges the requirement of the electric power, but the shortage of coal decides the large and stable requirement of coal. "Three Xi" coal base now can handle a capacity of mining about 400 million tons of coal with the transfer volume of 270 million tons including 240 million tons in railway transport (railway-water coordinated transport of 1.2 tons) and 30 million tons of highway transport. It is estimated that the transfer volume will increase to 350 million tons by the year 2005 and 500 million tons by the year 2010. According to the analysis concerned, coal resources in Tianjin Port will have sufficient supply for a long period. There is also large and stable coal consumption in economic development areas along southeast coastal.     After many years of market investigation, experts consultation, tendency analysis, related mathematical model calculation and repeated proofs of the scientific research departments, the conclusion is made that annual export volume will reach 30 million tons during the Tenth Five-Year Plan period. After the period, the fluctuation handling volume may appear because of the further optimization of energy structure, the adjustment of energy policy, west electricity transferring southward, environmental requirement and construction of neighboring ports. But coal will still continue to keep its position of a large quantity export of bulk cargo in Tianjin Port.     2.Construction scale and content     Two 50000-ton coal berths for special use will be constructed in Nanjiang special-purpose coal wharf. The berths are mainly used to export coal.     3.Total investment and funding scheme     The total investment is 2.15 billion yuan. Among the amount, 752.5 million yuan of capital come from the self-owned funds in the Port Office. The rest 1397.5 million yuan come from bank loan with the loan rate of 6.21%. After deducting the related indirect service expenses, the actual investment will be 1.855 billion yuan.     4.General progress arrangement     The construction of coal wharf project went into operation in 1998. Two berths were set up in Oct. 2001 and can handle a capacity of 10 million tons. By the end of June 2002, the capacity will reach 20 million tons.     5.Financial and economic profit     Based on the total investment of 1.855 billion yuan, the financial profit shows as follows:     Before the income taxation, the net present value is 293.6 million yuan with the internal return rate of 10.04% and the recovery period of 11.25 years; After the income taxation, the net present value is 14.82 million yuan with the internal return rate of 8.11% and the recovery period of 12.16 years; On the self-owned funds, the net present value is 84.96 million yuan with the internal return rate of 9.15 and the recovery period of 15.4 years.     6.Mode of inviting investment     Project profile: Located in Nanjiang Port Area, Tianjin Port, Nanjiang Coal Wharf of Tianjin Port is set up to realize the overall plan of Tianjin Port and development strategy of the new century. It is a large specialized coal export wharf with the annual coal export capacity of 20 million tons. The construction includes two 50000-ton bulk cargo berths and some facilities, such as railway, road, electricity supply, communication, water supply and drainage, heating, ventilation, dust removing, computer control and management, environmental protection. The wharf is divided into three sections: wharf section, storing section and railroad unloading section.     Till now, the construction of some land assorted facilities and wharf, railroad, dumper house and most of the storing section. The construction of the rest in the storing section and equipment installation and alignment. The wharf can handle a capacity of 10 million tons in Oct 2001 and 20 million tons in June 2002.     Mode of investment invitation: 40% of the stock ownership will be transferred with the amount of 742 million yuan.