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Economy

China sees 150 newly-added PPP projects in Q1: NDRC

April 15, 2020


Abstract : China saw 150 newly-added public-private partnership (PPP) projects in the first three months this year, reported China Securities Journal Wednesday quoting China's top economic planner.

BEIJING, April 15 (Xinhua) -- China saw 150 newly-added public-private partnership (PPP) projects in the first three months this year, reported China Securities Journal Wednesday quoting China's top economic planner.

Although hit by the COVID-19 outbreak, private firms still show high willingness to engage in such projects.

According to data from the National Development and Reform Commission (NDRC), 31 of the newly-added 150 PPP projects have been contracted, among which 13 are private-invested projects with a combined investment of around 9 billion yuan.

Besides, these projects are mainly concentrated in Shaanxi, Jiangxi, Guangdong and Shandong provinces; urban infrastructure saw the largest number of newly-added projects, reaching 55, while fields like agriculture, forestry and water conservancy, social undertakings, transportation, environmental protection and energy each saw more than ten such projects.

A total of 36 key projects have passed project approval or filing, as well as feasibility study and implementation plan review.

It's learned that up to now, 7,089 PPP projects have been registered in China's national information monitoring and service platform for PPP projects, and 4,419 key projects of them have passed project approval or filing, as well as feasibility study and implementation plan review.

NDRC has added the content of "participation of private firms" to the platform, so as to attract more private investment in PPP projects.

So far, 1,645 of the contracted projects registered in the platform are private-invested projects, accounting for 44 percent of the total.

Data showed that in terms of the number of PPP projects with private investment, urban infrastructure, environmental protection, social undertakings, agriculture, forestry and water conservancy, and transportation are the top five sectors, with each having 645, 208, 205, 177 and 124 such projects, accounting for over 80 percent of the total.

Besides, Shandong, Anhui, Jinagsu, Henan and Guangdong are the top five regions in terms of the number of private-invested PPP projects, with each attracting 224, 156, 119, 105 and 84 such projects. (Edited by Gu Shanshan with Xinhua Silk Road, gushanshan.1987@163.com)

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Keyword: NDRC China PPP projects

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