TIANJIN IND. II

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The Tianjin Industrial Development Project will support the restructuring of five key industrial subsectors (machine tools, construction machinery, automotive parts, electronic components and electric motors). It will provide financial assistance for the modernization of enterprises and technical assistance for strengthening of institutional infrastructure, studies and expert services for the five project subsectors. The project will aim to: (a) expedite policy and enterprise reforms at the regional level, leading to greater autonomy for and accountability of enterprise management, and encourage the municipal authorities to focus their activities on supporting and guiding enterprise rather than directly controlling them; (b) assist institutional development for strategic planning, systems development and implementation, engineering and technical support services and human resource development and redeployment; (c) improve subsectoral organization and internal enterprise management and systems; (d) modernize and restructure enterprises, including the support of high priority investments; and (e) further strengthen financial intermediaries.