Ministry of Finance, Implementing Opinions on Promoting the Compliant Development of Public-private Partnerships

财政部关于推进政府和社会资本合作规范发展的实施意见

May 01, 2019 | BY

Susan Mok

PPP projects are put under more stringent scrutiny

Clp Reference: 4000/19.03.17 Promulgated: 2019-03-07
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Issued: March 7, 2019

Main contents: A compliant PPP project shall be a public benefit project in the public service sector, its term shall, in principle, be at least 10 years, and a value for money assessment and a procedure for proving fiscal bearing capacity shall be carried out therefor.

It shall be ensured that the fiscal expenditure responsibilities earmarked in the general public budget for all PPP projects at the level in question each fiscal year does not exceed 10% of the expenditures in the general public budget at the level in question for the fiscal year in question (Section Two).

Related legislation: Operational Guidelines for Public-private Partnerships (Trial Implementation) and Tentative Measures for the Administration of the Public Finances of Public-private Partnership Projects

clp reference:4000/19.03.17 issued:2019-03-07

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