Heilongjiang launches new batch of PPP projects

A total of 42 PPP projects were unveiled during a promotion meeting held by the government of Heilongjiang province in Harbin on Dec 12. [Photo/people.cn]

Heilongjiang province unveiled a batch of public-private partnership (PPP) projects, in a bid to boost economic and social development by attracting more investment from private capital.

It was announced at a promotion meeting held in Harbin on Dec 12, which saw the attendance of 40 State-owned enterprises and over 80 private firms and financial institutions.

Total investment in the 42 newly-launched PPP projects is expected to exceed 100 billion yuan, covering such sectors as public facilities, transportation, healthcare, education and water conservation facilities.

The projects are in line with the social development target of Heilongjiang province over the 13th Five-Year Plan Period (2016-2020).

PPP projects are collaborative projects between governments and private companies that are mainly funded and operated by the latter.

Seven out of the 42 PPP projects involve Harbin, the capital city of Heilongjiang province.

One of the highlights of Harbin’s PPP projects is a logistics park targeting Wuchang rice and other agricultural by-products.

The project includes five agricultural products trade centers, where local produce will be set prices and distributed to domestic markets. The total investment in the project is 1.2 billion yuan.