Sichuan Ranks First Nationwide in Commencement Rate of Procurement and Confirmed PPP Projects at 82%
Sichuan Online | release time：February 6th,2018
On February 5, 2018, the Department of Finance of Sichuan Province announced that as of the end of 2017, there are 1,327 PPP projects amounting to RMB 1.667 trillion in total investment that have been recorded in the project database of the Department of Finance general information platform. Of which, there are 182 projects amounting to RMB 204.2 billion in total investment in the implementation stage and an 82% commencement rate of procurement and confirmed projects, the highest figure in the country. In 2017, through a plethora of project financing channels such as the 3rd China PPP Financing Forum, and the arrangement of stimulus award and assistance funding, PPP investment guidance funds and other methods, Sichuan province has accelerated the confirmation of high quality projects and promoted social-economic development in the province.