China's Shanxi Province Thursday held a promotion event for 12 public-private-partnership (PPP) projects of 37.4 billion yuan investment. The province said it would set up a fund of over 20 billion yuan fund through equity or debt financing to support the projects.
Among the projects, three of them are national demonstration projects and nine are provincial demonstration projects. The national projects include a sewage disposal system building project in Taiyuan, a hospital relocation project Taiyuan and a kitchen waste facility building project in Changzhi. Shanxi government has established a PPP fund of 12.8 billion yuan in cooperation with Beijing Capital Group and the Industrial Bank.