China approves PPP centre

The government of China has approved plans to establish a PPP centre as part of the country's Finance Ministry.

The new centre will oversee the creation and procurement of new PPP deals across China, providing support in areas including international exchange, training methods, assimilation of information, policy research and consultation.

According to the Finance Ministry, the centre will have a remit focused on social capital investment, covering urban infrastructure investments.

China is currently ramping up its use of the PPP model as it seeks to tackle crippling debt at local government level.

As reported by Partnerships Bulletin last month, the country has already outlined several areas ripe for PPP investment, including power, water
and health.

It was also revealed last week that the government of Beijing has agreed a deal with a private team to develop its Metro Line 16.