BEIJING - Public-private partnerships(PPP) funded transportation projects totaled 4.5 trillion yuan ($667.6 billion)as of April 2016, official data showed.
The sector wasthe top destination for PPP investment by the same time, according to the Ministryof Transport (MOT), quoting data from the PPP center under the Ministry ofFinance.
Some 11 toll roads, to the tune of 70billion yuan, were selected to pilot PPP in five provinces in 2015, the MOTsaid.
The sector isexpected to see rising investment throughout the 13th Five-Year Plan period(2016-2020), which calls for joint efforts from the ministry, financialinstitutions, science and technology research agencies as well as involvementof private investment, said MOT official Zhao Chongjiu.
The rise oftransportation PPP projects accords with the country's ongoing supply-sidestructural reform drive, said Hu Yuefei, vice president of Ping An Bank,calling it a "major shortcut" in upgrading the sector.
China hasexplored infrastructure and public works PPP projects since late 2013, amidgrowing concerns over rising local government debt.
PPP will become theleading investment model for China's transportation infrastructure projects,industry experts said.
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