ecns [expanded by feedex.net]: Gov't to promote PPP in public services, infrastructure: NDRC

ecns [expanded by feedex.net]

ecns

Gov't to promote PPP in public services, infrastructure: NDRC
http://www.ecns.cn/business/2015/09-16/181407.shtml
Sep 16th 2015, 06:03





China will vigorously promote public-private partnerships (PPP) in infrastructure and public services investments, said a government official on Wednesday.


About 1,043 projects have been unveiled since the launch of the PPP library, with estimated investments totaling 1.97 trillion yuan ($309.24 billion), said Lian Weiliang, deputy director of the National Development and Reform Commission (NDRC), at a media briefing.


The government will renovate investment financing mechanism by promoting equity cooperation and simplifying bond issuance process, and encourage private capital to take part in the construction and operation of public facilities, added Lian.


"We will accelerate price reform especially in the projects that may not profit as expected, and establish a fair price discovery mechanism where investors could have stable and reasonable return," said Xu Kunlin, head of the NDRC's fixed investment department.


The capability of local investment financing has dropped since last year for various reasons, therefore local authorities could support PPP projects with capital raised in bond issuance, said Xu.


"Besides policy support, the government plans to work with related parties such as All-China Federation of Industry and Commerce to promote PPP projects to private enterprises," said Xu.


The move comes as China strives to rein in local government debt and lever private capital to fill the funding gap for infrastructure investments.


The projects open for public-private partnerships range from transport to water conservancy in 29 regions, including Beijing.


"Central authorities cleared more than 200 billion yuan from local governments that failed to spend their budget allocations and redeploy it to significant engineering constructions, including livelihood projects," said Xu in a question-and-answer session at the briefing, dismissing such idle fund to be up to 1 trillion yuan.


　　




China issues guidelines to deepen SOE reforms




Transparency key to SOE reforms: official




New SOE guidelines clarify equity structure




Guidelines pave way for SOE reform
2015-09-14



China issues guideline to deepen SOE reforms
2015-09-14




Chinese man sets world record bathing in ice cubes for 115 minutes


Stocks sink for a second day, Shanghai index down 3.5%


Four major meetings between Xi and Obama since 2013


Chinese appetite for 'mega-bowl' incites grumbles


First human head transplant may be carried out in 2017 in China


President Xi Jinping's ten key points on China-U.S. relations


Graft watchdog names violators of frugality rules


President Xi to visit U.S. and attend UN summit in late September


Hangzhou of China selected to host 2022 Asian Games


Health inspectors in SW China trap a rat on flight from Finland











Share





You are receiving this email because you subscribed to this feed at https://blogtrottr.com

If you no longer wish to receive these emails, you can unsubscribe here:
https://blogtrottr.com/unsubscribe/qhG/Zc7fXt