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11 projects in our province was on the list with the amount of investment taking the lead in the country
2018-02-11 11:40:04

Recently, the Ministry of Finance released the fourth installment of PPP demonstration projects, and 11 projects in our province was on the list with the amount of investment taking the lead in the country.

Recently, the Ministry of Finance released the list of the fourth batch of Public-Private Partnership (PPP) demonstration projects. 11 PPP projects in Zhejiang Province including the projects of the main gymnasium, the swimming gymnasium, the comprehensive training hall of Hangzhou Olympic Sports Center, the new industrial town project in Nanxun District of Huzhou, and the north connecting section project of Jiaxing-Qianjiang Channel and connection project were on this list, with an investment of 80.8 billion yuan taking the lead in the country.

PPP development is changing from "increment" to "transformation". In 2017, the Ministry of Finance started the selection of the fourth batch of PPP demonstration projects. Localities and the relevant industry authorities submitted a total of 1,226 projects for bid with an investment of 2.1 trillion yuan. 396 projects were finally selected for the fourth batch of demonstration projects involving an investment of 758.8 billion yuan. From the fourth batch of selected demonstration projects, Shandong, Yunnan and Hubei ranked the top three in terms of the number of projects and Zhejiang, Yunnan and Sichuan ranked the top three in terms of investment. The main areas of investment obviously turned to agriculture, tourism, education, culture, sports, pension and other basic public services. The proportion of projects and investment in public works, transportation, environmental protection and integrated development of cities and towns has further dropped.
The influence of the PPP demonstration projects is growing day by day and their achievements are becoming increasingly obvious. By the end of 2017, 597 of the first three batches of 697 demonstration projects have been contracted, involving a total investment of 1.5 trillion yuan and a contracted rate of 85.7%, far exceeding the national average contracted rate of 38.2% for all the selected projects.
 

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