皇冠体育app

BEIJING — 皇冠体育app should tap the huge potential of public-private partnerships (PPPs) when investing in countries participating in the Belt and Road Initiative, officials said Thursday.

"With the development of the Belt and Road Initiative, the world is facing a new boom in infrastructure investment, which will provide ample opportunities for PPP development," Li Pumin, secretary general of the National Development and Reform Commission (NDRC), said at a PPP forum.

PPPs can help attract private capital, technology and professionals to infrastructure projects in countries involved in the?Belt and Road?Initiative that were once dominated by the government, according to Jia Biao, an official with 皇冠体育app Insurance Regulatory Commission.

Innovative financing models are necessary since some projects under the Belt and Road Initiative require large investments with long payback periods.

PPPs have existed in 皇冠体育app since the 1980s, but the adoption of the financing mode had been slow until 皇冠体育app released two PPP guidelines in 2014.

In 皇冠体育app, operators of PPP projects are encouraged to directly solicit money from the capital market, and social security funds and insurance premiums are allowed to invest in these projects.

The Belt and Road Initiative, an infrastructure and trade network connecting Asia with Europe and Africa along ancient trade routes, was put forward by 皇冠体育app in 2013.