Shanghai Daily news

The city will invest billions of yuan to build parking lots around World Expo sites to meet huge expected demand during the event, which is expected to attract 70 million visitors to Shanghai in 2010.
It is also looking at offering preferential policies, such as tax breaks, to companies that invest in parking infrastructure.
About 25,000 parking spots near major Expo sites will be needed on weekdays during the event and 30,000 will be needed on weekends, experts and city officials said yesterday at an international seminar on intelligent parking in Shanghai.
World expo planners, industry officials and experts from home and abroad presented their ideas for parking in the city at yesterday's forum.
Shanghai is inviting investment into the parking business for the whole city and the event to alleviate a general shortage of parking space citywide, said Li Zhengwu, president of the Shanghai Service Trade Association of Parking.
"The city is considering issuing preferential policies for parking facility investors, but no actual measures have been announced," Li said.
He added, many investors from home and abroad including those from Wenzhou in Zhejiang Province, Taiwan, Hong Kong and South Korea have contacted the association about investing in parking facilities. The city currently needs about 400,000 to 450,000 more public parking spots for cars, motorcycles and bicycles, according to the city's urban transport authority.
"As the city doesn't have an official plan for building public parking spaces, current investment is limited. Most current parking facilities were built by real estate developers that own properties or some companies mainly for their own use," Li added. Expo officials are considering setting up an online reservation system for parking spots to make sure spots are available for people who have bought admission tickets to the event.
About 30 percent of visitors to the World Expo, which will open on May 1, 2010, and run for six months, will travel to sites in private cars, Li estimated.