Pri­vate cap­i­tal sought for in­fra­struc­ture projects

China Daily (Canada) - - NEWS CAPSULE -

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

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 en­cour­age pri­vate cap­i­tal to take part in the con­struc­tion and op­er­a­tion of public fa­cil­i­ties, added Lian. The projects open for public-pri­vate part­ner­ships range from trans­port to wa­ter con­ser­vancy in 29 re­gions, in­clud­ing Bei­jing.

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

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