Private Capital for Railway Development China Transport Topics No. 10 Author: Martha Lawrence & Gerald Ollivier
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This framework includes guidance on how governments assess and prioritize potential PPP projects. Countries with successful PPP programs have developed mechanisms for assessing and prioritizing PPPs. Therefore, Castalia has developed a tool that could help the municipality of Chongqing to evaluate and prioritize proposals for new projects systematically and objectively. Our tool is informed by the international experience identifying and prioritizing PPP projects (particularly in Australia and the UK). It represents best practices globally.
The government of China is looking to PPPs to deliver on the next phase of urban and rural development. The benefits of PPPs can be vast and include, among others, reducing the debt burden on municipalities and mitigating the government’s weaknesses in delivery of public assets. This type of solution is much needed when public authorities recognize that current urbanization trends create enormous challenges in the delivery of adequate public services to the more than 100 million additional residents that will inhabit Chinese cities by 2020.
The presentation on PPP Fiscal Risk Management in China, delivered by XIE Fei, China PPP Center, China Ministry of Finance, Seoul, Korea May 23, 2019.
We introduce an original dataset of geo-located Chinese Government-financed projects in 138 countries between 2000 and 2014, and analyze the effects of these projects on the spatial distribution of economic activity within host countries. We find that Chinese development projects in general, and Chinese transportation projects in particular, reduce economic inequality within and between subnational localities.