China's Ministry of Finance on Tuesday announced a list of 206 public-private partnership (PPP) projects across China for demonstration purposes, which will require some 658.9 billion yuan of investment in total, according to a statement published on the ministry's website.
This is the second batch of PPP demonstration projects after a batch of 180 billion yuan worth of projects was unveiled last December. The newly-announced PPP demonstration projects mainly involve roads, urban rail transport, elderly care homes, medical and education facilities, wastewater treatment and urban underground pipe networks.
PPP is a new model of developing public service projects that are funded and operated through cooperation between the government and private sector companies.
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