CHINA’S State planning agency released a second batch of project proposals worth 2.26 trillion yuan (US$349.42 billion) in investment, which are available for public-private partnerships (PPP) funding.
The National Development and Reform Commission (NDRC) said the 1,488 projects related to development areas such as agriculture, water, transportation facilities, public service, and the environment.
Public-Private Partnerships / Image: Baidu
As its economic growth slows, China is increasingly turning to PPP, a project finance model not commonly used in the country, to fill a widening funding gap as the government clamps down on traditional off-balance sheet borrowing methods used by local authorities.
By the end of November, 31.5 percent of the 1,043 PPP projects NDRC recommended in May had signed contracts. The largest project was a Beijing subway line, with an investment of 49.5 billion yuan, the NDRC said earlier this week. Shenzhen Daily
