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56 Projects Open to Private Capital
2014-09-11 11:14:33

  Recently, in order to carry forward implementation of the decision and arrangement of enterprises decision-making power over their investments of state council and the provincial government, encourage private investors to participate in major projects and attract social capital into infrastructures and other fields dominated by government capital, Yichang issued the first batch of 56 projects to encourage social capital to participate in the construction and operation. The estimated total investment was 65.6 billion yuan.

  It is learned that the 56 projects covered transportation, energy, urban infrastructure, housing, social program, environmental protection and park construction, etc., of which 12 transportation projects, 2 energy projects, 11 urban infrastructure projects, 7 security housing projects, 14 social programs , 8 environmental protection projects and 2 park construction projects.

  Yichang development and reform department clearly indicated in the notification that for the first batch of 56 projects, it will actively encourage and attract social capital, especially private investment in joint ventures, wholly-owned, equity participation, franchising, PPP (government and social capital cooperation), etc. to participate in the construction and operation. For projects beyond the 56 projects, as long as the projects meet the requirements of planning layout and are conducive to the transformation and upgrading, they will also accelerate open to social capital.

  Meanwhile, for construction projects by introducing social capital, Yichang Development and Reform Commission will list them as key projects construction plan of Yichang, Hubei Province and provide support in terms of financial butt, land safeguard, special coordination and other aspects. (Correspondent: Dai Ran)