Business
CHR project in China
CHR project in China.
About this update from Harena Rare Earths Plc
[{"type":"text","content":"\n Crescent Hydropolis Resorts PLC\n19 January 2006\n\n Crescent Hydropolis Resorts PLC\n\n Announcement\n\n 19th January 2006\n\n\n\nThe Directors of Crescent Hydropolis Resorts PLC (the Company) present their\nprogress report today in respect of the Company's plans to erect Asia's first\ndeepwater Hydropolis Hotel and Resort (Hydropolis Qingdao). On 13 October 2005,\nthe Company entered into a Cooperation Agreement (the Agreement) with the\nPeople's Government of Laoshan District, Qingdao, China (Laoshan Government) as\nthe first principal step in developing Hydropolis Qingdao. The Agreement called\nfor the Company to complete its feasibility study for Hydropolis Qingdao within\nthree (3) months of the date of the 13 October announcement for presentation to\nthe Laoshan Government.\n\n\n\nOn 9 January 2006, Mr Joachim Hauser, Hydropolis' principal architect and the\nCompany's Executive Chairman, led a delegation of the Company and its advisers\nto Qingdao, including Mr Gerhard Tegtmeyer, Managing Director and CEO of SIBC\nGmbH (a subsidiary of UK-based Turner & Townsend) as proposed project managers\nfor Hydropolis Qingdao, Mr Geert Vanbeveren, Vice President representing Siemens\nBusiness One, Mr Wu Yongxin, Vice President representing Siemens Limited\n(China), Mr Andreas Hallier, representing Ostsee-Kontor GmbH as the Company's\nexpert in deep water marine construction and technologies, and Mr Detlef\nLoemker, adviser to the Company on international hotel management issues.\n\n\n\nOn 17 January, the Company's delegates presented the feasibility study to a\nsenior delegation of Chinese officials representing Laoshan and the People's\nGovernment of Qingdao City (Qingdao Government). Plans were presented for the\nthree principal components of Hydropolis Qingdao, the underwater HydroPalaceTM,\nthe land-based HydroTowerTM and the HydroShuttleTM service that will connect the\ntwo principal structures of the resort complex.\n\n\n\nKey statistics, including land site surveys, deepwater marine studies, surveys\nof shipbuilding facilities in China, financial cost projections and a detailed\ntimetable for planning and constructing both the HydroPalace and HydroTower\ncomponents of the project were discussed with Chinese officials at length. The\nCompany has fulfilled its obligations in respect of the Agreement and the\ninitial feas...