Yuxi Bonded Logistics Center (Type B) Project

Name

玉溪保税物流中心（B型）项目
Yuxi Bonded Logistics Center (Type B) Project

Industry Involved

Modern Logistics Industry

Site

Keguan Service Area, Yanhe Industrial Park in Yuxi City

Overview

Bonded logistics center (type B) refers to the place centrally supervised by the customs, run by one enterprise legal person within Chinese territory and participated by multiple enterprises to engage in the bonded warehousing and logistics business, approved by the customs. Yuxi City has obvious traffic location advantages. The east line of Pan-Asia Railway (Kunming-Vietnam), Kunming-Yuxi High-speed Railway and Shanghai-Kunming High-speed Railway have been opened. The middle line of Pan-Asia Railway (Kunming-Laos) has been under construction, intersecting in Hongta District, Yuxi City, and freight junction station is arranged in Yanhe Industrial Park. In addition, along with the quickening force of infrastructure construction of "five nets" in Yunnan, the establishment of the bonded logistics center (type B) in Yuxi City, as the half an hour economic circle of Central Yunnan, is the important node for Yuxi City blending into national strategy of "the Belt and Road Initiative" and facing the radiation center and modern logistics in South Asia and Southeast Asia.

Content

Construction scale: land area of 1300 mu and the total floor area of 1,033,127 m². Including 200,000 m² for devanning and vanning area, 225,694 m² for container stockpiling area, 350,000 m² for bonded warehousing area, 85,893 m² for integrated service area, 75,770 m² for international distribution area, 75,770 m² for international purchase area, 20,000 m² for inspection area and supporting infrastructure.

Construction duration: 4 years

Land area: land area of 1300 mu and the total floor area of 1,033,127 m².

Supporting Conditions

Natural resources: The park, located in the south of Hongta District, Yuxi City, has outstanding traffic advantages. It has a terrain of high west and low east with the elevation of 1638m. It has a pleasant weather with the annual average temperature of 16.5℃, suitable for casting. In addition, it has abundant natural resources like mineral.

Location advantages: The park is 8 km away from the center of Yuxi City, 96 km away from Kunming and 120 km away from Changshui International Airport in Kunming. Kunming-Bangkok Expressway, Jinning-Hongta Expressway and other expressways pass away and the freight yard at the junction of the east and middle lines of Pan-Asia Railway is arranged. It has good combined transport conditions between expressway and railway at moderately low transportation freight.

Production factors: raw materials: This project belongs to service business, so the raw materials for building can be met completely in the city. Auxiliary materials: The auxiliary materials mainly contain water, electricity, gas and so on. They can be met completely in the park. Labor force: The general technicians can be met in Yuxi City, but the special professional and technical personnel need to be introduced into the country. The local employment is about 20,000 and the price of labor force is RMB 1500-2500.

Construction conditions: The weather, engineering geology and hydrogeological conditions in the project site are suitable for construction. It has good traffic conditions and perfect water, electricity and road.

Associated industries: It belongs to the intersection of the middle and east lines of Pan-Asia Railway and has obvious supporting advantages of logistics center.

Early preparations: The pre-feasibility study report has been completed. The planning is under adjustment.

Investment Estimate and Fund Raising

Investment estimate: RMB 2.78 billion

Fund raising: input of capital fund from government; striving for national special construction fund; striving for national governmental bank loan by national benchmark interest rate; striving for central budgetary subsidy fund; and leading enterprises to construct a part of logistics houses independently through investment promotion.

Preferential Policies Applicable

The spirit of document of Notice of Yuxi Municipal Committee of the Communist Party of China and the People’s Government of Yuxi City on Issuing 3 Implementation Opinions on Accelerating Development of Private Economy in Yuxi City and Regulations on Preferential Policies of Yuxi City for Investment Promotion of Key Industries (YF[2017] No. 4) and the document of Implementation Opinions on Promoting Industrial Project Investment to Optimize Reward Mechanism in Hongta District, Yuxi City (for trial implementation) (YHF [2017] No. 3) are carried out. The undertaking part for enterprise land can be under RMB 168,000/mu after the reward.

Market Prediction (Analysis)

According to the relevant statistics, it is shown that, in 2013, the total self-run import-export volume of foreign trade was USD 1,896.02 million in Yuxi City, with an increase of 95.7% from USD 968.87 million in 2014. Among the total volume, the export volume was USD 1,852.17 million, with an increase of 102.9%; and the import volume was USD 43.85 million, with an increase of 21.6%. By situations of enterprise: 94 state-owned collective private business units finished the export volume of USD 1,832.91 million, with an increase of 105.4%; and 12 foreign trade business units finished the export volume of USD 19.26 million, with an decrease of 6.0%. In the self-run export commodities in 2015, there were 44 categories of commodities with the amount of more than USD 200,000. The accumulative export volume was USD 1,800.09 million, occupying 97.2% of the total export volume of the whole city. Yuxi City is the "professional demonstration base for national vegetable export" and the "export base for fruit in Yunnan". According to the data from the National Economic and Social Development Statistics Bulletin of Yuxi City in 2015, it is shown that, in 2015, the garden fruit yield was 633.17 million kg in the whole city, with an increase of 15.6%; the vegetable yield was 2,196.69 million kg, with an increase of 11.0%; and the walnut yield was 9.98 million kg, with an increase of 35.5%. According to the relevant development goals as stated in The 13^th Five-Year Plan for Logistics Development of Yuxi City issued by the People’s Government of Yuxi City, in future, Yuxi Bonded Logistics Center will attract 80% of general trade volume of goods in Yuxi City, and wholly undertake the processing trade volume of goods, so the logistics volume can be determined. According to the Outline of The 13^th Five-Year Plan for National Economic and Social Development of Yuxi City, to 2020, the fruit and vegetable yield will be doubled. At that time, if it is calculated by 90% of the export volume, only the export volume of fruit and vegetable can reach to 5 million tons. It can be deduced that, in 2020, the general trade volume of goods and the processing trade volume of goods of Yuxi Bonded Logistics Center will be 15 million tons and 5 million tons respectively. Moreover, the total bonded logistics volume will be 20 million tons.

Profit Model and Preliminary Benefit Analysis

After the completion of the bonded logistics center, it is estimated that it can drive 1,000 transit enterprises in various categories to settle, 1,000 supporting service enterprises to settle, and 2,000 small and medium-sized enterprises to settle. In the preliminary planning, 4,000 enterprises will be driven to settle with the employment of 20,000. It is estimated that it can drive the investment of above RMB 3 billion and the tax of above RMB 200 million.

Risk Analysis

This project has many fund raising ways. There are risks of approval and uncertainty of fund amount to strive for various special funds, so it goes against dividing the fund proportion of governmental capital fund and self-raising part by enterprise.

Cooperation Pattern

Sole proprietorship, joint venture or cooperation

Contact Information

Contact Unit: Investment Promotion and Cooperation Bureau, Management Committee of Yanhe Industrial Park in Yuxi City

Contact Person: Liu Haishan and Sun Fajian     

Tel.: 0877-2991101   

Fax: 0877-2991101   

E-mail: yxyhzsj@163.com