BEIJING, June 26 (Xinhua) -- The Department of Fixed Asset Investment under the National Development and Reform Commission (NDRC), China's top economic planner, has organized a number of key public-private partnership (PPP) projects to apply for World Bank loans, since the beginning of 2017, according to a notice on the NDRC website.
The Department also commissioned the China International Engineering Consulting Corporation (CIECC) to evaluate the submitted projects across the country.
Finally, four PPP projects that were relatively mature in their early stage and had a significant role in promoting the local economic and social development were recommended to the World Bank.
According to a document approved by the State Council, China's cabinet, the World Bank plans to arrange loans of 450 million U.S. dollars for the domestic PPP projects in key industries with different types.
The World Bank has recently held a symposium in Beijing representative office to advance the preliminary work of the PPP projects that were included in the list of the candidate projects to be supported by the World Bank loans. (Edited by Hu Pingchao, hupingchao@xinhua.org)
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