BEIJING - China's top economic planner announced on Tuesday that contracts for 619 public-private partnership (PPP) projects worth one trillion yuan ($151 billion) had been signed as of the end of July.
The projects include those in public infrastructure, railways and ports, according to the National Development and Reform Commission (NDRC).
PPPs are collaborative projects between governments and private companies that are mainly funded and operated by the latter.
Chinese authorities have explored funding infrastructure and public works through the PPP model since late 2013 amid growing concerns over rising local government debts incurred through local financing vehicles.
Since last May, the NDRC has announced two rounds of PPP projects worth 4.23 trillion yuan.
In September 2015, the Ministry of Finance started a fund with 180 billion yuan to support the financing of PPP projects.
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 130349 
