(ATF) A total of 150 public-private partnership (PPP) projects were proposed in China during the first three months of this year and agreements have been signed for 31 of them.
The National Development and Reform Commission (NDRC) said private companies continued to have strong interests in PPP projects despite the Covid-19 outbreak in the first quarter. It said the 31 signed PPP projects had a total investment size of 9 billion yuan ($1.28bn).
Of the 150 newly-proposed PPP projects, 55 were related to urban infrastructure facilities, while 10 were agricultural, transportation, environmental protection and new energy. The NDRC did not provide comparable figures for the first quarter of 2019 as it started disclosing the figures from the end of last year.
As of last November, about 7,000 PPP projects had been proposed in different provinces and cities in China with an estimated investment value of 9 trillion yuan. Of all the proposed projects, 510 would be implemented in Guizhou, 479 in Anhui, 475 in Guangdong, 460 in Shandong and 443 in Zhejiang province. The investment size in the five provinces accounted for 31% of all the PPP investment in China.
About 1,300 of the 7,000 PPP projects had their agreements signed so far, the NDRC said.