Beijing invests 270bln yuan in PPP projects in 3 years

0 Comment(s)Print E-mail, July 15, 2017
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Beijing has invested a total of 268.9 billion (US$ 39.65 billion) yuan in 96 public-private-partnership (PPP) projects in the past three years, as the Chinese capital pushed ahead with the mode in the public service sector.

The projects, which have been included in the PPP center of China's Ministry of Finance, cover 12 fields including transportation, ecological and environmental protection, housing, health care, elderly care and other fields. The projects aim to attract private capital totaling 164.2 billion yuan.

An official of the Beijing Municipal Finance Bureau said on July 11 that 42 projects have attracted private capital which will reach 198.3 billion yuan. A total of 23 out of the 42 projects involve the participation from private-run business, foreign business and mixed ownership enterprises, he added.

Introducing various non-public enterprises into the investment, construction and operation of PPP projects have improved the technology and management of Beijing's infrastructure and public service, the official said.

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