AUSTIN: China has set the ball rolling for private investment in infrastructure projects, in an attempt to plug a widening funding gap amid a crackdown on traditional off-balance sheet borrowing by local governments.
China’s state planning agency has listed 1,043 proposed public-private partnerships (PPP) on its website, and invited private investors to help fund, build and operate them.
However, the National Development and Reform Commission (NDRC) did not state whether private investors will include foreign firms.
The list includes projects planned for 29 areas including in capital Beijing and in the southeastern Jiangxi province.