Original disclosure @ ADB website
Updated in EWS Jul 7, 2020
Disclosed by Bank Sep 29, 2016
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The TA will strengthen the operational framework for PPPs in Chongqing Municipality. Chongqing in central PRC is one of the country’s four largest municipalities and is well advanced in achieving a market-oriented economy. It is both ready for an expanded PPP program and can provide a rapid demonstration of good PPP practices at the local government level in ADB’s regions of focus—the less-developed central, western, and northeastern regions. The TA will help officials prepare a strategic plan and work plan for Chongqing’s PPP center.The plans will provide a coherent set of sequenced and resourced actions that will deepen the reform of the local PPP program. Good-practice project preparation procedures and other management tools needed by a PPP center will be put in place. These tools will include a project development facility.
The impact will be increased private sector participation and operations in urban infrastructure investment. The proposed TA is aligned with the decision of the Third Plenary Session of the 18th Central Committee of the Communist Party of China to increase private sector participation in urban infrastructure investment and operations. The outcome will be an improved operational framework for PPPs in Chongqing Municipality, with performance assessed by the completion by 2017 of at least one PPP agreement for urban economic or social infrastructure that passes a value-for-money test and fiscal affordability assessment.
International and national consultants have been mobilized.
An international workshop was held in Chongqing in October 2015 to deepen the understanding of best practice in such PPPs learning from the experience of other countries and elsewhere in PRC. The workshop addressed key challenges faced in the planning, design, investment, operation and management of metro projects, and offered practical solutions on adopting PPPs in subways in both Chongqing and elsewhere in the PRC. The workshop has laid the foundation for the TA's support to strengthen Chongqing's approach to PPPs.
Chongqing Municipal Finance Bureau
No. 1, Honghuxilu, Yubei District
Chongqing Municipality, 401121
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