Private capital sought for infrastructure projects
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.