Involvement of foreign companies in projects related to the Olympics in 2008 in Beijing
Regarding the economy western companies have great hopes for the Olympics in Beijing. The Australian Sun Herald compared the run of western companies on orders in Beijing with a gold rush. The city has to improve its infrastructure, build modern communication facilities and modern sporting venues, modernize its tourist accommodation and invest money in alternative energy.
Three phases of projects
The application form of Beijing included detailed descriptions of the investment program of the following years. Beijing had conceptualized an "Olympic Activity Plan" in June 2003 which included the construction of infrastructure projects in three phases: the first phase from December 2001 until June 2003 included preparations and the organisation of the management and during the second phase from July 2003 until June 2006 the infrastructure is being built and in the third phase until summer 2008 these measurements will be tested. An invitation to bid took place for the Olympic building projects which was also responded to by western companies.
