2021-12-07

Quarterly Report on the Project Database of the National PPP Integrated Information Platform(No.10) March 2018

(20-AUG-2018)


Executive Summary

The following is a summary of China PPP Integrated Information Platform Management Database as of the end of March 2018:

 

Management Database Cleanup

From the release of the Circular on Regulating Project Database of the National PPP Integrated Information Platform (CaiJin [2017] No.92) on November 16, 2017 till up to the end of March 2018, 1,160 of projects has been removed from the PPP Integrated Information Platform Management Database with the involved investment amount at RMB 1.2 trillion. In terms of regional distribution, Xinjiang, Shandong (including Qingdao) and Inner Mongolia ranked top three by number of projects removed, sharing 50% of the total number of projects removed; Shandong (including Qingdao), Xinjiang and Inner Mongolia ranked top three by investment amount of projects removed, sharing 37.1% of the total investment amount of projects removed. In terms of sectors, engineering, transportation and urban comprehensive development ranked top three by sectors of projects removed, sharing 51.9% of the total number of projects removed; transportation, municipal engineering and integrated urban development ranked top three by sectoral investment amount of projects removed, sharing 67.6% of the total investment amount of projects removed. Transportation projects took the largest project unit volume, and the average investment amount of the single removed transportation project is 2.7 billion yuan.

 

National demonstration projects

As of the end of March, the 4 batches of national demonstration projects totaled 1,009 with a total investment of RMB 2.3 trillion. Commercial closed demonstration projects, it witnessed an increase of 246 national demonstration projects in the first quarter of 2018, with an investment of RMB 473.1 billion. Among them, the increase of project in March is 42 with an investment of RMB 75.8 billion. Compared with the data in the same statistic scope as that in the end of February (hereinafter referred to as the ring growth), at the end of March, the ring growth rate rose by 10.2%. As of the end of March, commercial closed projects totaled 843 with an investment of RMB 2 trillion and commercial closed rate of 83.5%, among them, 394 projects have been started construction account for 46.7% of the commercial closed demonstration projects.

 

In terms of regional distribution, Yunnan with 86, Shandong (including Qingdao city) with 84 and Henan with 82 ranked top three by number of demonstration project entries; Yunnan, Hebei, and Beijing ranked top three by investment amount of demonstration project, respectively RMB 305.3 billion yuan, RMB 214.7 billion yuan, and RMB 173 billion yuan. In terms of industrial distribution, municipal works with 435, transportation with 106, ecological construction and environmental protection with 89 ranked top three by the number of demonstration projects; municipal works, transportation, and integrated urban technology ranked the top three by investment amount of demonstration project, respectively RMB 872.1 billion yuan, RMB 698.2 billion yuan, and RMB 234 billion yuan. In terms of private enterprise participation, there are 1,449 signed private sectors for 843 commercial closed demonstration projects, including 39.1% of private enterprises, a ring decrease of 0.2 ppts; private enterprises participated in 438 demonstration projects, sharing 52%, a ring decrease of 0.3 ppts.

 

Projects in management database

As of the end of March, 2018, increase of project entering in management database is 283 with an investment of RMB 747.2 billion; among them, net decrease of project in March is 171 with an investment of RMB 456.7 billion yuan. As of the end of March, the accelerated number of project is 7,420 with an investment of RMB 11.5 trillion. In terms of commercial closed projects, the first quarter of 2018 witness an increased of 595 commercial closed projects with an investment of RMB 904.4 billion yuan, among them, net increase of project in March is 333 with an investment of RMB 136.2 billion yuan. The ring growth of the commercial closed rate is 5.4 ppts. As of the end of March, there are 3,324 commercial closed projects with an investment of RMB 5.5 trillion yuan, the commercial closed rate is 44.8%. In the first quarter of 2018, an increase of 216 projects have started construction, counting 38.3% of all the commercial closed projects, among them, 123 projects have started construction in March. As of the end of March, 1,375 projects have started construction, the construction rate is 41.4%. In terms of regional distribution, Anhui, Henan, and Zhejiang ranked the top three in terms of the number of projects entered in the management database in the first quarter of 2018, respectively 97, 88, and 57; Guizhou, Anhui, and Guangdong ranked the top three by investment amount of the newly entered projects, respectively, RMB 129.7 billion yuan, RMB 119.4 billion yuan and RMB 111.6 billion yuan in the first quarter of 2018. While in March, the Shanxi, Henan, and Jiangsu ranked the top three by the number of projects entered in the management database, and Guizhou, Guangxi, and Hebei ranked the top three by investment amount of the newly entered projects. As of the end of March, Henan, Shandong (including Qingdao), and Hunan ranked the top three by the total number of projects, respectively, 734, 609, and 563; Guizhou, Hunan, and Henan ranked the top three by the total investment of projects, respectively, RMB 974.9 billion yuan, RMB 887.6 billion yuan, RMB 876.3 billion yuan. In terms of sector distribution, municipal works, transportation, ecological construction and environmental protection ranked top three by the number of projects entered into the management database in the first quarter of the 2018, respectively, 116, 98, and 54; integrated urban development, transportation, and municipal works ranked top three by investment amount of project entries, respectively, RMB 284.2 billion yuan, RMB 203.2 billion yuan, and RMB 129.8 billion yuan. As of the end of March, municipal works, transportation, ecological construction and environmental protection ranked top three by total number of projects in the management database, sharing 60.5% of the total number of management database projects; municipal works, transportation, ecological construction and environmental protection ranked top three by total investment, sharing 72.3% of the total investment of management database projects. In terms of basic public services (culture, sports, healthcare, senior care, education and tourism), compared to the end of last quarter, it witnesses an decrease of 1 project with an increase of investment of RMB 87.5 billion yuan. At the end of March, there are  total 1,349 projects with an investment of RMB 1.2 trillion yuan. In terms of return mechanism, in the first quarter of 2018, there is an net decrease of 424 user-pay projects with an investment of RMB 356.7 billion yuan; there is an net increase of 493 government-and-user-pay projects with an investment of RMB 932.8 billion yuan; there is an net increase of 214 government-pay projects with an investment of RMB 171 billion yuan. As of the end of March, there are 899 user-pay projects with investment of RMB 1.2 trillion yuan; there are 3,423 government-and-user-pay projects with investment of RMB 6.8 trillion yuan; there are 3,098 government-pay projects with investment of RMB 3.5 trillion yuan. In terms of pollution prevention, green and low-carbon projects, in the first quarter of 2018, there is an net increase of 23 projects with an investment of RMB 44.3 billion yuan; As of the end of March, there are 4,002 projects with investment of RMB 4.1 trillion yuan.


Pre-pipeline Database

As of the end of March, there are 5,721 projects with an investment of RMB 6.1 trillion yuan in the Pre-pipeline Database of the National PPP Integrated Information Platform.

 

Body text

In accordance with requirements of the Notice on Standardizing the Operation of PPP Integrated Information Platform (CJ [2015] No. 166), China PPP Integrated Information Platform and Management Database was established. The whole life-cycle of a PPP project contains five phases, respectively identification, preparation, procurement, implementation and transfer. The management database includes the PPP projects that are in the preparation, procurement, implementation and transfer phases. As of the end of March 2018, the report on management database is set out as follows:

 

I. Management Database Cleanup

Since Notice on Standardizing the Operation of the Management Database of the PPP Integrated Information Platform (CJ [2017] No. 92) has been released on 16th November, 2017, local governments began to remove PPP projects from the management database. From December 2017 to the end of March 2018, 1,160 PPP projects have been removed from the National PPP Integrated Information Platform with the involved investment amount at RMB 1.2 trillion yuan, covering 29 provinces (autonomous regions, municipalities) except Tibet and Xinjiang Corps, and all 19 industry areas. See Figure 1-1 and figure 1-2.

 

In terms of the geographical distribution, Xinjiang, Shandong (including Qingdao) and Inner Mongolia ranked top 3 by number of PPP projects removed from the management database, respectively, 222, 206 and 152, sharing 50% of the total projects removed. Shandong (including Qingdao), Xinjiang and Inner Mongolia ranked the top 3 by amount of investment, respectively, RMB 159.6 billion yuan, RMB 149.1 billion yuan and RMB 144.1 billion yuan, sharing 37.1% of the total investment amount of the projects removed.

 

From the industry distribution point of view, municipal works, transportation and integrated urban development ranked top three by number of PPP projects removed from the management database, respectively, 400, 129and 72, sharing 51.9% of the total projects. Transportation, municipal works and integrated urban development ranked top three by amount of investment, respectively, RMB 356.8 billion yuan, RMB 350.5 billion yuan and RMB 118.7 billion yuan, sharing 67.6% of the total investment amount of the projects removed. The unit size of the transportation project is the largest, and the average investment amount of a single transportation project that has been remove from the management database is RMB 2.7 billion yuan.


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II. National Demonstration Projects

As of the end of March, four batches of national demonstration projects totaled 1,009 with a total investment of RMB 2.3 trillion, covering 31 provinces (autonomous regions, municipalities) and Xinjiang Corps, and 19 industry areas. In particular, the first batch in 2014 totaled 21 (30 at first, 9 of which were subsequently excluded) with a total investment of RMB 72.7 billion; the second batch in 2015 totaled 160 (206 at first, 46 of which were subsequently excluded) with a total investment of RMB 471.8 billion; the third batch in 2016 totaled 432 (516 at first, 84 of which were subsequently excluded) with a total investment of RMB 1.0088 trillion yuan; the fourth batch totaled 396 (announced in February 2018) with a total investment of RMB 757.1 billion yuan.


(I) National demonstration projects in different phases

The whole life-cycle of a PPP project contains five phases, respectively identification, preparation, procurement, implementation and transfer. The management database includes the PPP projects that are in the preparation, procurement, implementation and transfer phases. As of the end of December 2017 and March 2018, the number and investment amount of projects in different phases is set out in Figure 2-1-1 and Figure 2-1-2.

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As of the end of March 2018, there are total 843 national defenestration projects reached commercial closed with an investment of 2 trillion yuan. There are currently no projects in transfer stage.


(II) 80% of the national demonstration projects reached commercial closed

The project commercial closed rate refers to the ratio between the sum of the numbers of the projects in the implementation and transfer phases and the sum of the numbers of the projects in the management database.


As of the end of March, commercial closed projects totaled 572 with an investment of RMB 1.4741 trillion and commercial closed rate of 82.1%; compared with the data in the end of last quarter (hereinafter referred to as the ring growth), a ring growth of 77 commercial closed projects with an investment of RMB 235. March witnessed an net increase of 42 commercial closed national demonstration projects with an investment of RMB 75.8 billion yuan. As of the end of March, the commercial closed rate of national demonstration projects is 85.7% with a ring growth of 10.2 ppts. See Figure 2-2-1 for changes of the overall commercial closed rate of demonstration projects.

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The first batch of the 21 demonstration projects have all reached commercial close since the end of 2016, and the second batch of 160 demonstration projects have all reached commercial close since the end of March 2017; the third batch of 432 demonstration projects have all reached commercial close in this month. 230 of the fourth batch demonstration projects have reached commercial close, and the commercial closed rate is 58.1%. See Figure 2-2-2 for the commercial closed rate of each batch of the national demonstration projects.

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(III) Municipal works continued to take the lead

The Project Database includes a total of 19 primary industries such as energy, transportation, water conservancy, ecological construction and environmental protection, municipal works, integrated urban development, agriculture, forestry, science and technology, affordable housing, tourism, health-care, senior care, education, culture, sports, social security, government infrastructure and others. The demonstration projects and commercial closed demonstration projects cover all the 19 sectors. There are 371 municipal works projects out of 843 commercial closed demonstration projects, accounting for 44.7% of total commercial closed demonstration projects; there were 84 transportation projects, accounting for 10% of total commercial closed demonstration projects; there were 78 ecological construction and environmental protection projects, accounting for 9.3% of total commercial closed demonstration projects; there were 310 remaining projects, accounting for 36.2% of total commercial closed demonstration projects. See Figure 2-3-1 for breakdown of demonstration projects in different sectors as of the end of December by industry (Nr.). The comparison of the number of demonstration projects in each sector and the number of commercial closed projects is shown in Figure 2-3-2.

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(IV) Shandong, Henan and Yunnan ranked top three by the number of commercial closed demonstration projects

According to regional statistics on commercial closed projects, Shandong (including Qingdao City) ranked the first across China with 72 national demonstration projects entered the implementation stage, followed by Henan with 69, Yunnan with 61, Anhui with 55, Hebei with 54, Fujian with 48, Hubei with 41, Sichuan with 40, the remaining provinces are less than 40. The number of commercial closed projects of the above 8 provinces, sharing 52.2% of total commercial closed demonstration projects. See Figure 2-4 for the comparison of the number of demonstration projects and the number of commercial closed of different province.

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(V) Demonstration projects private enterprises participated reached 40%

The type of private sector. As of the end of March, 843 commercial closed projects are composed of 442 exclusive private capital projects and 401 with a consortium led by private capital. There were 1,449 private partners signing PPP contracts, in which 567 partners were private enterprises, 38 from Hong Kong, Macao and Taiwan, China, 16 from foreign countries, 790 were state-owned, and another 38 enterprises with undefined category. The private enterprises takes 39.1% of all the private partners signing PPP contracts with a ring growth of 0.2 ppts (see Figure 2-5-1).

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Fields with private enterprises’ participation. There was a total of 438 projects involved with exclusive private capital, and projects with a consortium led by private capital private capital, enterprises from Hong Kong, Macao and Taiwan, China, and from foreign countries, accounting for 52.0% of commercial closed projects and a ring growth of 0.3 ppts. Private-owned and private holding partners were involved in 19 industrial sectors, as described in Figure 2-5-2. There were 174 municipal works projects, 50 ecological construction and environmental protection projects, 27 integrated urban development projects, 26 senior care projects, each of the remaining sectors had less than 25 projects.  

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(VI) Shandong takes the lead on the number of commercial closed demonstration projects that started construction

There is an increase of 10 commercial closed demonstration projects that have been started construction with a ring decrease of 1.2 ppts; As of the end of March, 394 commercial closed demonstration projects have been started, accounting for 46.7% of total. As shown in Figure 2-6, Shandong (including Qingdao) takes the lead with 50 projects that started construction, Anhui and Yunnan take the second and third place by the number of commercial closed demonstration projects started construction, the number are 45 and 30 respectively, these three provinces accounted for 69.4%, 81.8%, and 49.2% of the number of the commercial closed demonstration projects. Among them, Hebei's increase of 3 national demonstration projects that started construction was the largest.

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III. Projects in management database

The first quarter witnessed an net increase of 283 projects entries in management database with an investment of RMB 747.2 billion yuan. As of the end of March, there are 7,420 projects in the management database, with investment of RMB 11.5 trillion. There is an increase of 595 projects reaching commercial closed in management database during the first quarter, with an investment of RMB 904.4 billion yuan; the ring growth of the commercial closed rate is 5.4 ppts.

 

(I) Number of projects in the management database drops, and to control risks, enforce regulation, and promote PPP model on the track of high-quality growth

According to the requirements of “controlling risks and enforcing regulation”, regulated operation should be emphasized when promoting PPP, and the development of PPP should be shifted from rapid development to high-quality to actually improve quality improve quality and efficiency of public services.

 

The first quarter witnessed an net increase of 283 projects entering in management database with an investment of RMB 747.2 billion yuan; March witnessed an net decrease of 171 projects with an investment of RMB 456.7 billion yuan. It’s the first time for the management database that the total number of projects and investment dropped. As of the end of March, there are 7,420 projects with investment of RMB 11.5 trillion in the management database, with approved Value for Money evaluation and fiscal affordability assessment, covering 31 provinces (autonomous regions, municipalities) and Xinjiang Corps and 19 sectors. Please see Figure 3-1-1 for the number of projects and the number of projects in each phase in the management database, and Figure 3-1-2 for investment amount from the end of January 2017 to the end of March 2018. 

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(II) High regional concentration

As at the end of December, by number of project entries, Anhui (97), Henan (88), and Zhejiang (57) ranked the top three in the list and accounted for 85.2% of total; by investment amounts of project entries, Guizhou (RMB 129.7 billion yuan), Anhui (RMB 119.4 billion yuan), and Guangdong (RMB 111.6 billion yuan) ranked the top three provinces and accounted for 48.2% of total, as shown in Figure 3-2-1 and Figure 3-2-2. 

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By cumulative number of projects, Henan (734), Shandong (including Qingdao) (609) and Hunan (563) ranked the top three and accounted for 25.7% of total projects in the management database; by cumulative investment amount, Guizhou (RMB 974.9 billion yuan), Hunan (RMB 887.6 billion yuan) and Henan (RMB 876.3 billion yuan) ranked the top three and accounted for 23.8% of total investment amount. Breakdowns of project and investment amount of all regions in management database by the end of December 2017 and March 2018 are shown in Figure 3-2-3 and Figure 3-2-4. 

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(III) High industry concentration

During the first quarter of 2018, municipal works (116), transportation (98) and ecological construction and environmental protection (54) ranked the top three by number of projects increased and accounted for 94.4% of total, as shown in Figure 3-3-1.   

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By increase in investment amount of project entries during the first quarter of 2018, integrated urban development (RMB 284.2 billion yuan), transportation (RMB 203.2 billion yuan) and municipal works (RMB 129.8 billion yuan) ranked top three and accounted for 82.5% of total investment increased, as shown in Figure 3-3-2.

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As at the end of March, number of PPP projects and investment amounts in the management database by industry are shown in Figure 3-3-3 and Figure 3-3-4. Among them, municipal works, transportation and ecological construction and environmental protection ranked the top three by number of projects and accounted for 60.5% of total; municipal works, transportation, and integrated urban development ranked top three and accounted for 72.3% of total investments.

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(IV) The Commercial Closed Projects Increased Steadily

There is an net increase of 595 commercial closed projects with RMB 904.4 billion in the management database in the first quarter; among them, there is an net increase of 333 commercial closed projects with RMB 136.2 billion yuan in March, with quarter-on-quarter growth of 5.4%. As of the end of March, there are 3,324 commercial closed projects with an investment amount of RMB 5.5 trillion yuan, with an commercial closed rate of 44.8%, covering 30 provinces (autonomous regions, municipalities) and Xinjiang Corps except Tibet and 19 sectors. Currently there is no project in the transfer stage. The number of projects of different stages by end of December 2017 and March 2018 are shown in Figure 3-4-1.

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Breakdown of commercial closed projects by region. By net increase of commercial closed projects in the first quarter, Hunan (95), Jiangsu (55) and Guizhou (50) ranked the top three provinces and accounted for 33.6% of the total commercial closed projects increased. By net investment increase of commercial closed projects in the quarter, Hunan (RMB 167.1 billion yuan), Jiangsu (including Xiamen) (RMB 162.6 billion yuan) and Guizhou (RMB 140.5 billion yuan) ranked top three and accounted for 52.0% of net investment increase in the current quarter, as shown in Figure 3-4-2 and 3-4-3.

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Breakdown of commercial closed projects by region. By net increase of  commercial closed projects in March, Hunan (71), Jiangsu (44) and Guizhou (36) ranked the top three provinces and accounted for 45.2% of the total commercial closed projects increased. By net investment increase of commercial closed projects in March, Jiangsu (RMB 128.1 billion yuan), Hunan (RMB 105.7 billion yuan) and Guizhou (RMB 96.2 billion yuan) ranked top three.


By accumulated number of commercial closed projects as of the end of March,Shandong (including Qingdao) (352) ranked the top, accounting for 10.6% of total. Anhui (229) ranked the second place, accounting for 6.9% of total. Xinjiang (218) ranked the third place and accounted for 6.6% of total. As at the end of March, by accumulated investment amount of commercial closed projects, Guizhou (RMB 446.3 billion yuan), Jiangsu (RMB 421.6 billion yuan), and Yunnan (RMB 420.7 billion yuan) ranked top three, and accounted for 8.1%, 7.7% and 7.6% respectively. The number of commercial closed projects and investment in various provinces are shown in Figure 3-4-4 and 3-4-5.

 

Commercial closed rate. There are 2 PPP projects in Shanghai and both of them reached commercial close; the commercial close rate of Fujian (168/255) is 65.9%; and commercial close rate of Anhui (229/356) is 64.3%.

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Breakdown of commercial closed projects by industry in the first quarter. By number of commercial closed projects increased in the first quarter, municipal works (243), transportation (96) and ecological construction and environmental protection (69) ranked top three and accounted for 68.5% of total commercial closed projects increased. By investment of commercial closed projects increased in the first quarter, municipal works (RMB 343.7 billion yuan), integrated urban development (RMB 192.9 billion yuan) and transportation (RMB 189 billion yuan) ranked top three and accounted for 80.2% of total investment, as shown in Figure 3-4-7.

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Breakdown of commercial closed projects by industry in March. By number of commercial closed projects increased in March, municipal works (137), transportation (47) and ecological construction and environmental protection (45) ranked top three and accounted for 68.6% of total commercial closed projects increased. By investment of commercial closed projects increased in March, municipal works (RMB 157.2 billion yuan), transportation (RMB 117.7 billion yuan) and integrated urban development (RMB 102.9 billion yuan) ranked top three.

 

Breakdown of accumulated commercial closed projects by industry as of the end of March. By number of commercial closed projects, municipal works (1,395), transportation (465) and ecological construction and environmental protection (281) ranked top three and accounted for 64.5% of total commercial closed projects. By investment of commercial closed projects, municipal works (RMB 2.0385 trillion yuan), transportation (RMB 1.4172 trillion yuan) and integrated urban development (RMB 689.9 billion yuan) ranked top three and accounted for 75.2% of total investment, as shown in Figure 3-4-8 and Figure 3-4-9.

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(V) The number of the basic public services projects continue to grow

The main scope of the basic public services covers culture, sports, healthcare, senior care, education, and tourism. In the first quarter, the number of basic public services projects fell 1 from the end of last quarter, with an increased investment of RMB 87.5 billion yuan. As of the end of March, there are total 1,349 basic public services projects with investment of RMB 1.2084 trillion yuan, representing 18.2% and 10.5% of total projects and investments in management database. By the number of projects, education (358), tourism (327), and healthcare (252) ranked the top three; by investment amount, tourism (RMB 473.3 billion yuan), education (RMB 214.2 billion yuan), and healthcare (RMB 185.5 billion yuan) ranked the top three. See figure 3-5-1 and figure 3-5-2. 

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(VI) Investment in VGF projects accounts for over 60%

The shares of the projects in the management database at the end of December 2017 and the end of March 2018 by three return mechanisms are shown in Figures 3-6-1 and 3-6-2. In the first quarter, the number of user-pay projects decreased 424 with an investment amount of RMB 356.7 billion yuan; the number of VGF projects increased 493 with an investment amount of RMB 932.8 billion yuan; the number of government-pay projects increased 214 with an investment amount of RMB 171 billion yuan.

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As of the end of March, there are 899 user-pay projects with investment of RMB 1.2 trillion, accounting for 12.1% and 10.6% of the management database respectively; 3,423 VGF (i.e. government-and-user-pay) projects with investment of RMB 6.8 trillion, accounting for 46.1% and 59.3% of the management database respectively; 3,098 government -pay projects with investment of RMB 3.5 trillion, accounting for 41.8% and 30.1% of the management database respectively. See Figure 3-6-3 and 3-6-4.

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Commercial closed projects. In the first quarter, the number of user-pay commercial closed projects decreased 118 with an investment of RMB 50.1 billion yuan decreased. the number of VGF commercial closed projects increased 361 with an investment of RMB 574.4 billion yuan; the number of government-pay projects increased 352 with an investment of RMB 380.3 billion yuan. As of the end of March, there are 361 user-pay commercial closed projects with investment of RMB 466.3 billion yuan; 1,403 VGF (i.e. government-and-user-pay) commercial closed projects with investment of RMB 3.1367 trillion yuan; 1,560 government-pay commercial closed projects with investment of RMB 1.9064 trillion yuan. See Figure 3-6-5 and 3-6-6.

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(VII) Pollution prevention, green and low-carbon projects receive attention

PPP projects in a number of fields, including public transportation, water supply and drainage, ecological construction and environmental protection, water conservancy, renewable energy, education, science and technology, culture, senior care, healthcare, forestry and tourism, play a role in promoting a pollution prevention, green and low-carbon economic structure. According to such a criterion, in the first quarter, the net project entries increase was 23 with a net investment increase of RMB 44.3 billion yuan. There were 4,002 pollution prevention, green and low-carbon projects enter the management database with investment of RMB 4.1 trillion yuan, accounting for 53.9% and 35.9% of national totals respectively. The increased commercial closed projects are 263 with an investment of RMB 220 billion yuan. The accumulated commercial closed projects are 1,819 with an investment of RMB 2.0771 trillion yuan. The comparison of the pollution prevention, green and low-carbon projects at the end of December 2017 and at the end of March 2018 is shown in Figure 3-7-1 and Figure 3-7-2.

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(VIII) Nearly 40% of the Commercial Closed Projects Have Started Construction

In the first quarter, an increase of 216 projects have started construction, among them, 123 projects have started construction in March. As of the end of March, 1,375 projects have started construction, the construction rate is 41.4%. Among them, Shandong (including Qingdao) has started 216 projects, accounting for 61.4% of the total number of commercial closed projects in the province; 152 have been started in Sichuan, accounting for 78.8% of the total number in the province; 145 have been started in Anhui, accounting for 63.3% of the total number in the province; the number of projects started in remaining provinces is less than 100. See Figure 3-8.

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VI  Others

As of the end of March, there are 5,721 projects with an investment of RMB 6.1 trillion yuan in the Pre-pipeline Database of the National PPP Integrated Information Platform.

 





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