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China invites investors to build $318 bn worth of projects

The National Development and Reform Commission said the 1,043 projects, in sectors such as transport, water conservancy and public services, will be done as public-private partnerships (PPP).

May 25, 2015 / 14:28 IST
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China's state planning agency on Monday released a list of more than 1,000 proposed projects totalling 1.97 trillion yuan (USD 317.75 billion) that it is inviting private investors to help fund, build and operate.

The National Development and Reform Commission said the 1,043 projects, in sectors such as transport, water conservancy and public services, will be done as public-private partnerships (PPP).

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An NDRC statement on its website did not say whether private investors will include foreign firms.

As its economic growth slows, China is increasingly turning to PPP, a model not commonly used, to fill a widening funding gap as Beijing clamps down on traditional off-balance sheet borrowing methods used by local authorities.