男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

US EUROPE AFRICA ASIA 中文
Business / Economy

Chizhou deal expected to open the PPP floodgates

By Zheng Yangpeng (China Daily) Updated: 2014-12-31 08:17

Anhui project could blaze new trail for infrastructure financing in China, reports Zheng Yangpeng.

The government of Chizhou in Anhui province signed an agreement on Monday with Shenzhen Water Group Co to give the company control of the city's sewage treatment plants and its sewer system-a deal which marks a significant shift in how the city's public utilities might be run in the future.

But for the country, the contract represents what could become a much broader policy.

The contracting out of Chizhou's vital public services could now be replicated across the country, as local governments continue to struggle with spiralling debt levels.

And as in the case of Chizhou, such a public-private partnership could be key to China's ability to pay for its growing future infrastructure demands.

On Dec 5, the Ministry of Finance unveiled 30 "exemplary projects" earmarked for similar PPP-including those for sewer systems, water and heating supplies, garbage disposal, medical care, sports facilities-amounting to 180 billion yuan ($28.9 billion), including the Chizhou contract, which is the first to be officially announced.

The government in Chizhou offered to sell at the start of this month 26 years of ownership and operational rights to its sewage plants and sewer system.

In winning the bid, SWG has now agreed to take over the facilities previously owned and run by the government, for 712 million yuan.

In exchange, the government has promised to pay a fixed price (22.5 million yuan per year) for the services the company provides. In other words, the government has unloaded its assets and turned itself into a service buyer.

The work will be carried out as a joint venture between the two sides via a special purpose vehicle, 80 percent owned by SWG, and 20 percent by the government. The SPV has promised to invest another 1.34 billion yuan on building new facilities.

Zheng Qingzhang, a senior executive with SWG, said the SPV already has paid-up capital of 217 million yuan, with the remaining 499 million yuan expected to come from bank loans.

It has already been given "high-level official endorsement" of its financing model, said Zheng, with around 10 banks interested in providing the funds.

In Western markets, PPP generally refers to long-term cooperation between governments and private companies on infrastructure or public service projects. The public sector side grants the SPV long-term operating and earning rights, relieving it of future investment responsibilities.

In China, the partnership is more loosely defined as one between government and any entities beyond government, for example State-owned enterprises.

Previous Page 1 2 3 Next Page

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 台江县| 镇坪县| 绵阳市| 永靖县| 岢岚县| 阿拉善右旗| 邵武市| 桐乡市| 亳州市| 二连浩特市| 镇远县| 永兴县| 饶阳县| 泰安市| 嘉荫县| 玛多县| 仁寿县| 隆子县| 甘孜| 宁海县| 沙雅县| 潜江市| 沙坪坝区| 当涂县| 浙江省| 舟曲县| 宕昌县| 盐池县| 凤山市| 夏津县| 安吉县| 大新县| 武定县| 绥阳县| 安吉县| 信阳市| 庆城县| 客服| 牟定县| 象州县| 宾川县|