1. Concept

According to the basic principles set by Beijing Municipality regarding the construction of the Olympic Stadiums and related facilities, future investments for the facilities would be introduced using a market-led operational mechanism. The concept calls for an international Ownership Tender to appoint the owners for the construction of the facilities. The Beijing Municipal government and BOCOG will organize, direct and supervise the Ownership Tenders as it seeks to attract commercial investors to join the competitive bid as owners for each project. The government could consider several bundling plans for commercial development as well as favorable policies in land and tariffs to achieve success for the 2008 Olympic Games and enable investors to make profits during the ownership period.