Beijing opens infrastructure projects to private foreign investors
Date
August 08, 2013
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The Beijing government plans to channel 130 billion yuan (US$21.26 billion) investment from its social capital, money from the private sector, to complete the construction of 126 infrastructure projects in six areas, according to a statement on the website of the city's municipal commission of development and reform.According to sources, the projects would be opened to foreign investors as well.The mentioned 126 infrastructure projects are split in six areas:
- rail transport (88 billion yuan),
- city roads (6 billion yuan),
- the rail transit complex (over 8 billion yuan),
- drainage treatment (12 billion yuan),
- garbage disposal (6.2 billion yuan) and
- heat supply in townships (1 billion yuan).
According to the statement, the capital city's government will generate experiences from transparent approach in these pilot areas, and will apply such a market competition mechanism in more public areas in the future.
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