Date
11 December 2017
The projects, including railway construction, will be open to private investors who can act as financial partners, builders or operators. Photo: Bloomberg
The projects, including railway construction, will be open to private investors who can act as financial partners, builders or operators. Photo: Bloomberg

China unveils 80 projects open to private capital

China has unveiled details of 80 major infrastructure projects that will be open to private capital, as part of efforts to stimulate economic growth.

The projects cover railways, gas pipelines, telecommunications and clean energy, according to a statement released by the National Development and Reform Commission, the nation’s top economic planning body, on its website.

The list includes 24 transport infrastructure projects, 10 gas pipeline and storage projects, eight coal, chemical and petrochemical projects, eight projects in the clean energy sector and two telecommunications projects.

Among the projects are China National Petroleum Corp.’s liquefied natural-gas station in Shenzhen, Beijing’s subway line 16 and Dalian port’s Changxing Island crude-oil wharf. Xiamen port’s Gulei district construction, Hangzhou-Nanjing’s highway expansion and the construction of 3G and 4G telecommunications networks are also on the list.

The NDRC said private investors are encouraged to participate as financial partners and act as builders or operators of the projects. They may also take either full or partial stakes in the projects.

For projects that already started construction or secured private investors, the commission urged those involved to accelerate the phase of construction to set an example for other projects. For projects that have yet to secure private capital, related parties are encouraged to attract social capital in investment, construction or operation.

And public tender should be held if eligible, the statement said.

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JZ/JP/CG

Freelance journalist

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