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China issues 1.1 trln yuan worth of PPP projects

CCTV.com

10-14-2016 00:17 BJT

The Chinese Finance Ministry has issued another group of 516 Public-Private Partnership projects that are now open to private capital.

Total investment of the projects will amount to 1.8 trillion yuan. China first introduced the PPP projects in 2013. The scheme is designed to invite private capital in city infrastructure development and construction.

Analysts say the PPP program will also help to ease the debt burden of local governments.

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