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Zengjiayan Bridge enters National PPP Demonstrative Project list
Updated: 2015-10-09
By Ge Jieru, chinadaily.com.cn
The Zengjiayan Bridge project recently entered the National PPP (public-private partnership) Demonstrative Projects list, according to the Ministry of Finance of the People’s Republic of China. Once complete, Zengjiayan Bridge will span the Jialingjiang River.
PPP is a government service (or private business venture) funded and operated through a partnership comprising of a government body and one or more private sector companies.
PPP's take advantage of the availability of social capital and make investments in public sectors, including transportation, water conservancy, communication, environmental protection, affordable housing, medical treatment and senior healthcare.
The construction of Zengjiayan Bridge is expected to commence at the end of this year and be put into operation in 2018. Once complete, the bridge is expected to ease traffic congestion between Jiangbei district and Yuzhong district.
According to an official from the Chongqing Finance Bureau, the local government will utilize public services to construct Zengjiayan Bridge. The project is scheduled to take three years to complete and will receive a total investment of 3.28 billion yuan ($517 million).
Edited by Jacob Hooson
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