Jurisdiction - China
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China – State Looks For Private Partners For Infrastructure Projects.

2 June, 2015

 

 
China’s National Development and Reform Commission (NDRC) is seeking partners for 1,043 public private partnership projects in 29 regions.
 

The NDRC’s website gives a list of the projects, broken down by region.

 

The list of projects varies from sewage treatment plants in Dalian in the north east of China to rail and road projects in Xinjiang Uyghur autonomous region in the north west.

 

The NDRC is a central planning agency that “formulates and implements national economic and social development, annual plans and medium and long-term development plans”, according to its website.

 

In April, China announced that it would allow private investment in broadband services, and also that it would open its bank card clearing market to foreign firms.

 

The country also said last month that it would use its foreign exchange reservesto inject at least USD 62bn in capital into three “policy banks” to support the country’s ‘belt and road’ economic plan.

 

Pinsent Masons

 

For further information, please contact:

 

Richard Laudy, Partner, Pinsent Masons

[email protected]

 

Nick Ogden, Partner, Pinsent Masons

[email protected]

 

Homegrown Energy & Project Finance Law Firms in China 

 

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