Professional Documents
Culture Documents
com
www.zaluu.com
,
, ,
.
,
, ,
, , ,
.
,
.
.
:
,
, , ,
,
.
:
www.zaluu.com
www.zaluu.com
I
,
, ,
.
.
,
.
4
www.zaluu.com
www.zaluu.com
.
.
:
(, )
.
.
:
. , ,
.
:
,
.
.
www.zaluu.com
www.zaluu.com
3 .
www.zaluu.com
www.zaluu.com
,
1.
2.
3.
4.1.
4.2.
4.3
-
5.
,
.
( )
)
(
)
www.zaluu.com
www.zaluu.com
.
.
.
,
.
.
www.zaluu.com
www.zaluu.com
,
-
,
,
,
www.zaluu.com
www.zaluu.com
DBO - Design, Buld, Operate
DBFO - Design, Buld, Finance, Operate
Concession
,
,
,
www.zaluu.com
www.zaluu.com
.
1.1 ,
, ,
.
.
2.1 ,
. .
2.2
, .
2.3
.
2.4
.
2.5
, ,
, .
2.6
.
2.7
www.zaluu.com
www.zaluu.com
.
2.8
.
.
.
2.9
. ,,
.
.
2.10 , ,
.
2.11 ,
2.10-
.
2.12
, .
.
2.13
,
.
2.14
.
, .
4
10
www.zaluu.com
www.zaluu.com
2.15
.
.
. :
3.1
,
.
3.2
,
.
3.3
--
.
.
3.4
.
3.5
.
.
3.6
.
.
3.7
.
4
11
www.zaluu.com
www.zaluu.com
.
.
3.8
.
.
3.9
.
3.10
.
3.11
--
.
. :
3.12 ,
.
,
.
3.13
.
3.14
5 .
4
12
www.zaluu.com
www.zaluu.com
3.15
.
. ,
4.1
.
4.2
.
,
.
4.3
.
:
0-100 000 000
- 0-500 000
- 1 000 000-
1 500 000
- 1,5
. -
.
4.4
.
.:
4.4.1 .
.
13
www.zaluu.com
www.zaluu.com
4.4.2
.
.
4.4.3 500 000
.
4.5 4.4
.:
-
-
-
,-- ,
.
4.6
.
4.7
.
=-
:-
-
4.8
.:
4
14
www.zaluu.com
www.zaluu.com
-
- ,
4.9 ,
1
, .
4.10
.
4.11
.
-
.
4.12 ,
,-
, .
4.13 , ,
3
.
. 3
.
., ,,
5.1
,,
15
www.zaluu.com
www.zaluu.com
5.2
.
--
.
5.3 ,
. ,
, -
.
5.4 ,
12 -- .
5.5 , ,
.
5.6
.
5.7
,
.
5.8 - - , -
, .-
, ,
1
,
.
5.9 -,
.
. ,
4
16
www.zaluu.com
www.zaluu.com
6.1 , ,
.
6.2 ,
.
6.3
.
6.4
,
.
6.5 ,
,
.
6.6
,
.
2005 5- 4-
123-
..............................................
....................................................
:.............- ................- .... /
4
17
www.zaluu.com
www.zaluu.com
//
//
/
/
-
2
10
11
12
18
www.zaluu.com
www.zaluu.com
13
14
15
16
17
18
,
19
20
21
22
:......................../
:........
-:............../.
:............../
/
/
20...............
19
www.zaluu.com
www.zaluu.com
2005 5- 4-
123-
.
1.1
. ,
:
2.1
,
, ,
2.2
2.3
.
3.1
.
.
20
www.zaluu.com
www.zaluu.com
3.2
.
.
3.2.1
3.2.2
3.2.3 ,
3.2.4
3.2.5 ,
3.2.6 ,
3.2.7
3.3
.
3.4
.
3.5
.
3.5.1
3.5.2
3.5.3
21
www.zaluu.com
www.zaluu.com
3.5.4
.
4.1
.
4.1.1
4.1.2
4.1.3
4.2
.
4.3
.
.
5.1
.
.
5.2
.
.
22
www.zaluu.com
www.zaluu.com
5.3
.
5.4
5.1-5.3
-1 3 ,
-2 2 .
5.5
-1 .
5.6
-2
23
www.zaluu.com
www.zaluu.com
5.7
.
.
6.1
.
6.2
- .
6.3
3
.
.
6.4
- .
.
7.1
.
7.2
.
7.3
-1 3- ,-2
2- ,
.
7.4
1-
.
4
24
www.zaluu.com
www.zaluu.com
7.5
1-
1,2-
.
7.6
.
.
8.1
.
8.2
25
www.zaluu.com
www.zaluu.com
II
:
2007
2008
2009
2010
183,417
273,253
353,161
652,051
147,125
232,838
283,707
512,485
90,943
131,817
174,700
323,026
14,590
20,275
35,794
54,871
8,010
10,579
12,338
14,314
14,111
19,632
26,955
44,564
-8,374
-13,284
-18,283
-30,228
5,737
6,348
8,672
14,336
3,200
4,249
3,698
7,231
-3,714
-4,450
-6,179
-10,078
-2,689
-2,708
-2,563
-2,299
-782
-1,057
-1,109
-1,811
1,752
2,381
2,520
7,378
( )
( )
26
www.zaluu.com
www.zaluu.com
1.20%
2,782,766.3
252,978,757.2
1.10%
-0.10%
2,201,004.5
14,590,349.3
15.09%
2,782,766.3
20,274,524.9
13.73%
-1.36%
8,373,680.1
14,110,776.1
59.34%
13,283,736.5
19,631,671.2
67.66%
8.32%
-0.30%
652,050,907.0
1.60%
10,432,814.5
0.80%
352,473,371.9
2,819,787.0
20010
2009
183,417,041.0
2,201,004.5
2008
2007
0.80%
27
www.zaluu.com
www.zaluu.com
2,819,787.0
31,294,066.4
9.01%
-4.71%
10,432,814.5
38,671,789.0
26.98%
17.97%
8,672,209.9
18,282,530.0
47.43%
-20.23%
30,227,766.0
44,563,828.0
67.83%
20.40%
28
www.zaluu.com
www.zaluu.com
1.
,
. .
. , ,
,
,
, ,
,
.
2.
135.00%
130.00%
125.00%
120.00%
115.00%
110.00%
105.00%
100.00%
,
,
.
29
www.zaluu.com
www.zaluu.com
1.80%
1.60%
1.40%
1.20%
1.00%
0.80%
0.60%
0.40%
0.20%
0.00%
30.00%
25.00%
20.00%
15.00%
10.00%
5.00%
0.00%
,
, ,
,
5
.
,
30
www.zaluu.com
www.zaluu.com
80.00%
70.00%
60.00%
50.00%
40.00%
30.00%
20.00%
10.00%
0.00%
31
www.zaluu.com
www.zaluu.com
562,218,946,03/578,348,483.03=0.97
578,348,483.03/562,218,946,03=1.02
/
16,129,537/578,348,483.03=0.02
( +- ) /
(562,218,946,03+0-428,193,460.02)/
562,218,946,03 =0.324
32.4% .
32
www.zaluu.com
www.zaluu.com
,
,
,
/ .
.
.
.
.
. 2008, 2009
.
33