The local DRC has recently decided on the plan for Qingdao's fixed investment with 180 billion Yuan being allocated to large-scale projects.

　　With the ongoing construction of the Bay Bridge, the underwater tunnel, the opera house, the municipal st adium and the oil refinery plant has been ongoing this year and the invested money of last year has been counted as part of the new investment for 2007, this year's fixed investment is expected to increase by 20%, to 180 million Yuan.

　　The local government will strengthen macro administration and focus upon the key projects, thus optimizing the investment structure. In terms of infrastructure construction, the authorities will pay close attention to the construction of the heating supply system, wastewater treatment, the Bay Bridge, the underwater tunnel and the Phase III East-West Expressway.

　　As for the Port, the construction of the container dock for the China Merchants Holding International, the Phase III Qingdao Port for crude oil, the repair of No. 7 port will all be launched, in addition to the multifunctional berths under the CMHI, the Qianwan dock and the dock for the Dubai Ports World. The passenger railway station will also be under construction this year.

　　In the manufacturing sector, the projects of oil refinery, West Bay shipbuilding and ship repairing, the SGMW, the automobile engine, the high-speed locomotive, internet and household appliances, integrated circuit, and the crystal display etc. are expected to start up this year.