JIANGSU authorities will sign infrastructure deals in Hongkong over the next few days, including power plant projects with Hopewell and CITIC Pacific.
Jiangsu Deputy-Governor Wang Rongbing said yesterday that a letter of intent would be signed with Hopewell for the Lui Xi power station project, with a total investment of US$2.6 billion.
The Ligang power station joint venture which CITIC (HK) injected into CITIC Pacific in January would also be agreed to, he said.
Mr Wang heads a delegation seeking to attract investment in the northern province. ''There are about 1,000 projects available for foreign participation, while 78 projects are each worth more than $10 million and total about $13 billion.'' Among the bigger projects is the Huling highway, connecting Shanghai with Nanjing, estimated to cost $820 million.
Mr Wang said most of the infrastructure projects would welcome foreign investment in the form of joint ventures.
He noted that Jiangsu had a total output value of 189.6 billion yuan (about HK$257 billion) in 1992, up 27 per cent over the previous year.