China's Shandong province will set up a public-private-partnership (PPP) development fund capitalized at 120 billion yuan, according to the Department of Finance of the province.
At the promotion event held in Jinan in June, the province introduced 50 projects with a total investment of over 100 billion yuan for PPP, and 27 of them have started construction. The PPP development fund has entered cooperation with 12 organizations to jointly raise 40 billion yuan this year. Shandong will also allocate 100 million yuan of fiscal funding to reward well-operated projects.
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