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Investment in new PPP projects in Shandong exceeds 57 billion yuan in 2020

2021/1/15 15:42:33   source:sdchina.com

According to Shandong Provincial Department of Finance, in 2020, financial departments at all levels in Shandong had been actively coordinating prevention and control of COVID-19 and promoting economic and social development, making full use of the public–private partnership (PPP) model to attract a large amount of social capital investment with a small amount of public financial investment, and had effectively and stably expanded the supply of infrastructure and public services in the province. 57 new projects were newly added to the database throughout the year, with an investment of 57.268 billion yuan.

In terms of spatial distribution, 31, or 54.4% of the projects newly added to the database are in four cities: Jinan, Yantai, Rizhao, and Weifang.

In terms of industrial fields, the projects newly added to the database largely concentrate in 4 fields, namely, municipal engineering, education, transportation, and agriculture, with 20, 8, 4 and 4 projects respectively.

In terms of operation mode, 51 projects adopt the BOT (build-operate-transfer) method, with an investment of 55.395 billion yuan; 2 operate with TOT (transfer-operate-transfer) method, with an investment of 963 million yuan; 4 operate with BOO (build-own-operate), TOT+BOT, and other methods, with an investment of 910 million yuan.

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