Hundreds of projects to invite private capital
By Xinhua | China Daily | Updated: 2015-10-21 07:47
Seven Chinese provinces announced 287 public-private partnership projects on Tuesday that will be open to private investors. The projects, collectively worth around 940 billion yuan ($148 billion), include municipal works, highways, rail, airport, water conservation and energy projects.
They were announced during a PPP promotional teleconference organized by the National Development and Reform Commission in cooperation with the All-China Federation of Industry and Commerce.
PPPs are collaborative projects between governments and private companies that are mainly funded and operated by the latter.
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