China's PPP projects drive $2t investment in 2018

More than 8,600 PPP projects registered with MOF

Published: February 08, 2019 14:54:51 | Updated: February 12, 2019 15:46:51

File Photo (Collected)

China’s public-private partnership (PPP) projects drove13.2 trillion yuan (about 2 trillion US dollars) investment by the end of 2018, an official data showed.

According to the China Public Private Partnerships Centre under the Ministry of Finance (MOF), a total of 8,654 PPP projects had been registered in a national data bank in the last year.

Of all the projects, 4,691 entered the implementation stage, with a combined investment of 7.2 trillion yuan, said the data.

The projects of which construction have started total 2,237, with their investments adding up to 3.2 trillion yuan, reports Xinhua.

After a government move to step up regulation of PPP projects last year, the number of such projects dropped and saw slower growth, the centre said in a report.

"The registration of new projects has been more stable and rational, with more value attached to quality rather than quantity and speed," the report said, noting that potential fiscal risks with the projects have been effectively monitored and controlled.

PPP is a collaborative investment model between government and private companies.

Chinese authorities have explored funding infrastructure and public works through PPP models since late 2013, amid growing concerns over rising local government debt.

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