LINE

Text:AAAPrint
Economy

More than 7,000 PPP projects registered in MOF

1
2018-09-11 23:00:13Xinhua Editor : Wang Fan ECNS App Download

At the end of July, 7,867 PPP projects had been registered in a national data bank, seeking a combined investment of 11.8 trillion yuan (1.74 trillion U.S. dollars), according to the China Public Private Partnerships Center under the Ministry of Finance (MOF).

Some 3,812 projects have been signed with a total investment of 6.1 trillion yuan, and 1,762 projects have entered into the construction phase with investment totaling 2.5 trillion yuan.

The MOF has intensified the crackdown on "zombie" PPP projects. Some 2,148 projects have been eliminated, with investment totaling 2.5 trillion yuan.

The central government is looking to PPP, a collaborative investment model between government and private companies, as a way to fund infrastructure projects amid concerns over high local government debt.

PPPs have existed in China since the 1980s, but the adoption of the financing mode had been slow until China released two PPP guidelines in 2014.

  

Related news

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

News
Politics
Business
Society
Culture
Military
Sci-tech
Entertainment
Sports
Odd
Features
Biz
Economy
Travel
Travel News
Travel Types
Events
Food
Hotel
Bar & Club
Architecture
Gallery
Photo
CNS Photo
Video
Video
Learning Chinese
Learn About China
Social Chinese
Business Chinese
Buzz Words
Bilingual
Resources
ECNS Wire
Special Coverage
Infographics
Voices
LINE
Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2018 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.