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Thursday, July 27, 2017
Executive rules required to protect public and private investor interest in PPP
ANBOUND

On 21st of July, Legislative Affairs Office of the State Council, National Development, and Reform Commission and the Ministry of Finance jointly released a set of questionnaires on the regulation of the public-private partnership (PPP) in the area of infrastructure and public service to seek for public opinions and suggestions. The preliminary of the questionnaire clearly indicates that the state will ensure all forms of PPP will be open to all social capital in accordance with the relevant laws. The Legislative Affairs Office of the State Council also acknowledges the rapid growth of PPP in infrastructure and public service projects, of which achievement is remarkable. Issues, however, such as lack of deliberation in the policy making process, lack of formality and low participation from the private sector do require specific executive rules, standardization of infrastructures and PPP in public service to protect the public interest and the legal rights of the private investors.

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