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Building work to start soon on Cuntan bonded zone phase II

5 May 2010
Following the completion of the first phase of Chongqing Lianglu Cuntan Bonded Zone early this year, preparation work for phase two has reached the final stage, according to Chongqing Evening News.
On 28 April the tendering process was completed. Work on clearing the site, building roads and fences and other infrastructure will cost Rmb500m and is scheduled to be completed by 2012.

The bonded zone, the only one located in China’s interior, has a planned area of 8.37 sq km and will be built in three phases. All construction will be completed by 2015 when the zone is expected to serve an area of 1m sq km.

The bonded zone is similar to a free port in that goods despatched from within China are treated as exports after entering the zone and goods arriving from abroad are not treated as imports until they actually leave the zone.
     
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