2020-08-08

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DATA

9,574

Total Projects

14.7

Total Investment

(trillion yuan RMB)

National PPP Integrated Information Platform Project Management Database Annual Report 2019

Executive summary

The following is a summary of China PPP Integrated Information Platform Management Database as of the end of December of 2019:


Projects in Management Database

In 2019, there were 1,434 new projects with the total investment of 2.2 trillion yuan in the management database and 648 projects with the total investment of 802.3 billion yuan were removed from the database. Compared with the data in the same statistic scope by the end of 2019 (hereinafter referred to on year-on-year basis), net increased number of projects is 786 and net increased investment is 1.2 trillion yuan.


The scale of PPP market increased steadily. As of the end of 2019, there were 9,440 projects in the management database, with a year-on-year increase of 786 and a growth rate of 9.1%; the total investment increased by 1.2 trillion yuan or 9.1% to 14.4 trillion yuan. In 2019, the focus of PPP market shifted from quantity and speed to quality. On year-on-year basis, the number of new projects decreased by 2,640, 64.8% and the investment decreased by 3.6 trillion yuan, 62.1%; net increased number of projects dropped by 731, 48.2% and net increased investment dropped by 1.2 trillion yuan, 50.0%.


Investment of projects entering into construction stage grew substantially year on year. In 2019, there were 1,639 commercial closing projects with total investment of 2.7 trillion yuan, with a year-on-year increase of 58.4 billion yuan and a growth rate of 2.3%; 1,471 projects with investment of 2.4 trillion yuan entered into construction stage, with a year-on-year increase of 876.8 billion yuan and a growth rate of 56.4%. From the beginning of 2014 to the end of 2019, there were total 9,440 projects in the database, with a year-on-year increase of 786 and a growth rate of 9.1%, covering 31 provinces (autonomous regions, municipalities) and Xinjiang Corps and 19 sectors; the total investment was 14.4 trillion yuan, with a year-on-year growth of 1.2 trillion yuan and an increase rate of 9.1%; there were total 6,330 commercial closing projects in the database with total investment of 9.9 trillion yuan, and the commercial closing rate is 67.1%, 12.9 ppts higher than the end of 2018; totally, 3,708 projects have entered into construction stage, with total investment of 5.6 trillion yuan, and the construction commencement rate of projects is 58.6%, 10.9 ppts higher than the end of 2018.

 

There were more projects in the middle and western region. In 2019, Sichuan with 161.5 billion yuan, Chongqing with 151.7 billion yuan, Henan with 150.0 billion yuan, Tianjin with 130.2 billion yuan and Guizhou with 121.4 billion yuan ranked the top five by net investment increase; among them, four are middle and western provinces. Guizhou, Yunnan, Sichuan, Zhejiang and Henan ranked the top five by the total investment of projects in the Database, respectively 1.2 trillion yuan, 1.1 trillion yuan, 1.0 trillion yuan, 976.7 billion yuan and 966.4 billion yuan; four of them are also middle and western provinces.

 

Transportation, municipal works, ecological construction and environmental protection came high on the list. In 2019, transportation, municipal works, integrated urban development, ecological construction and environmental protection, and forestry ranked the top five by net investment increase, respectively 733.2 billion yuan, 192.1 billion yuan, 142.9 billion yuan, 90.8 billion yuan and 71.8 billion yuan. By the total investment in the Database, transportation, municipal works, integrated urban development, ecological construction and environmental protection and tourism ranked the top five, respectively 4.6 trillion yuan, 4.2 trillion yuan, 2.0 trillion yuan, 998.8 billion yuan and 466.6 billion yuan.

 

Viability gap funding projects accounted for a large proportion. In 2019, the net increased investment of user-pay projects reached 314.2 billion yuan, sharing 25.9% of the total net investment increase; the net increased investment of viability gap funding projects was 992.5 billion yuan, accounting for 81.8% of the total net investment increase; and the net increased investment of government-pay projects decreased by 93.2 billion yuan, sharing -7.7% of the total net investment increase. In the Database, there were user-pay projects with investment of 1.4 trillion yuan, viability gap funding projects with investment of 9.7 trillion yuan and government-pay projects with investment of 3.3 trillion yuan.

 

PPP helps to make strides around China’s three priorities (namely controlling major risks, reducing poverty and curbing pollution). The first is fiscal affordability of PPP projects stays in safety intervals. According to the monitoring data by the end of 2019, the fiscal affordability indicator of each of 2,597 local governments nationwide is under 10%, the ratio cap (also called redline) set by the Ministry of Finance of China; and the indicator of 1,873 local governments is below 7%, including 1,406 local governments below 5%. which means their fiscal affordability stays in safety intervals. There were another 19 local governments’ fiscal affordability indicator is higher than 10% in certain future years. According to the data of Transfer-Operate-Transfer (TOT) projects, there were total 259 projects in the Database, with revitalized stock public assets of 269.5 billion yuan; among them, there were 155 commercial closing projects with total investment of 151.6 billion yuan. The second is pollution prevention and green and low-carbon projects accounted for about one third. In 2019, net increased number of projects is 786 and net increased investment is 458.4 billion yuan, sharing 37.8% of the total net investment increase; there were 926 commercial closing projects with total investment of 894.4 billion yuan, accounting for 33.7% of the total investments of commercial closing projects; there were 756 projects entering into construction stage with investment of 680.7 billion yuan, sharing 28.0% of the total investments of projects entering into construction stage. There were total 5,416 projects with 5.2 trillion yuan in the Database, accounting for 35.9%; among them, there were 3,447 commercial closing projects with total investment of 3.4 trillion yuan, accounting for 34.3% and 2,034 projects entering into construction stage with total investment of 2.0 trillion yuan, accounting for 35.7%. The third is about 60% poor counties have been adopting PPP model. 499 of the 832 poor counties in China have been exploring to reduce poverty with PPP model, accounting for 60.0%. There were 1,478 poverty eradication PPP projects in the Management Database with total investment of 1.1 trillion yuan, including 823 commercial closing projects with total investment of 633.9 billion yuan and 453 projects entering in to construction stage with total investment of 302.7 billion yuan. In terms of PPP projects in poor counties, municipal works, transportation, integrated urban development, tourism, ecological construction and environmental protection ranked the top five by investment, respectively 261.9 billion yuan, 193.9 billion yuan, 174.4 billion yuan, 139.2 billion yuan and 115.5 billion yuan. The infrastructure development by PPP model supports poverty alleviation through industry and tourism, and improves the ecological environment in poor counties.

 

Private enterprise participated in stability. There were a total of 6,309 commercial closing projects in the database, including 11,402 commercial partners, and 33.7% of them are private enterprises. It has been basically stable at about 34% since 2018. Private enterprises participated in 2,714 projects with total investment of 3.0 trillion yuan, sharing 43.0% and 30.9% of those of the 6,309 commercial closing projects.

 

Support coordinated and high-quality development among regions. In terms of the Beijing-Tianjin-Hebei Region, net increased number of projects is 76, with net increased investment of 254.8 billion yuan; the total number of projects is 511 with total investment of 1.0682 trillion yuan, sharing 5.4% and 7.0% of those of the Database projects. In terms of 11 provinces of Yangtze River Economic Belt, net increased number of projects is 285, with net increased investment of 489.4 billion yuan; the total number of projects is 4,192 with total investment of 7.4 trillion yuan, sharing 44.4% and 51.6%. In terms of 9 provinces in Yellow River Basin, net increased number of projects is 273, with net increased investment of 494.4 billion yuan; the total number of projects is 3,252 with total investment of 4.3 trillion yuan, sharing 34.4% and 29.6%. In terms of 3 provinces in the Northeast Region, net decrease of projects is 8, but with net increased investment of 7.8 billion yuan; the total number of projects is 465 with total investment of 622.9 billion yuan, sharing 4.9% and 4.3%. In terms of 9 cities in the Pearl River Delta, net increased number of projects is 36, but with net decrease of investment of 21 billion yuan; the total number of projects is 274 with total investment of 346.9 billion yuan, sharing 2.9% and 2.4%.

 

In terms of projects in Pre-pipeline Database, there were 2,922 projects with total investment of 3.2 trillion yuan in the Pre-pipeline Database of the National PPP Integrated Information Platform by the end of 2019.





Read more MORE REPORT

6,500

Number of Projects Reaching Commercial Close

10.2

Investment of Projects Reaching Commercial Close
(trillion yuan RMB)

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