Ningbo Economic and Technological Development Zone

Overview of Ningbo Economic and Technological Development Zone 

Ningbo Economic and Technological Development Zone (NETDZ,宁波经济技术开发区 ) was established in October 1984 with the approval of Chinese central government. NETDZ lies to the northeast of Ningbo, about 27 kilometers away from the city center. It covers a total area of 614 square kilometers behind the Beilun Port. And it is only 40 kilometers away from Ningbo Lishe Airport, 150 kilometers from Hangzhou Xiaoshan Airport, 230 kilometers from Shanghai Hongqiao Airport and 250 kilometers from Shanghai Pudong Airport.

NETDZ has established a very smart soft and hard investment environment, becoming one of the most attractive places for investment both at home and abroad.

Government services

The administrative committee of NETDZ is authorized with same power as provincial government in terms of foreign-funded project approval with investment up to 1.99 billion yuan ($300 million). It is fully responsible for investment, economic development and other social undertakings in the zone.

NETDZ provides a one-stop service from project consultation, site-surveying, agreement negotiation, contract signing, project approval and construction. Moreover, related government departments such as the investment service center, supervision office and complaint center have also been established in NETDZ to better cater investor needs. On top of that, the online approval system has given great convenience to investors.

State banks, commercial banks and foreign-funded banks are all available in NETDZ. Besides, commodity inspection bureau, notary houses, law firms, accountants, architectural planning & design institutes, transportation firms and insurance companies have all been established in the zone.

Infrastructure

Power Supply

Nine power plants with a total installed capacity of 10.41 million KW are on stream in NETDZ.

Water Supply

The daily water supply capacity is 410,000 tons with a cycled network.

Steam Supply

Five thermal power plants can ensure sufficient steam supply.

Industrial Gas

In the zone, Linde Gas, Messer Sunshine Gas Company as well as other professional providers can supply different kinds of quality industrial gas.

Fuel

The embarking point of East China Sea Chunxiao Gas & Oil Project is in NETDZ, which can provide sufficient natural gas. With the completion of CNOOC LNG project, six million tons of LNG will be provided annually. CNPC can also supply abundant LPG in the zone. In addition, suppliers within 20 kilometers include: Zhenhai Oil Refinery and Donghua LPG.

Sewage treatment

Two sewage treatment plants are available in the zone, with a number of sewage treatment stations and pumps. A complete sewage treatment system has been established with daily capacity of 180,000 tons 

NETDZ has developed itself into an advanced manufacturing base, with four pillar industries: port-based industry, high-tech and emerging industry, equipment manufacturing industry and modern service industry.

Industries such as steel, papermaking, traditional energy, molding, electric wire and cable, textiles and garment, stationery and food are also being improved.

By the end of 2012, NETDZ had approved 2,030 foreign-funded enterprises with a total investment of $32.18 billion (214.75 billion yuan) and contracted capital of $16.5 billion, among which 473 are large-sized projects with registered capital of more than $ 10 million each.

Over 30 Fortune 500 have invested in NETDZ with 67 projects in manufacturing and services.Investors in NETDZ come from 49 countries and regions. Total investment amounted to $32.18 billion by the end of 2012.