China Fortune Land Development (CFLD) Co Ltd has established a complete Public-Private-Partnership (PPP) model in building new industry cities, Zhang Shufeng, executive president of Shanghai-listed CFLD, said on Wednesday.
He noted that CFLD's "new industry cities" PPP model combines urban infrastructure construction with the development of industrial parks in a bid to help the new industry cities develop in a sustainable and balanced way.
Zhang made the remarks while attending the first meeting of the Public-Private Partnership and Infrastructure Financing Network of Asia and the Pacific which was held in Guiyang, capital city of China's Guizhou province on Wednesday.
The event aims to improve the management and implementation capacity of PPP authorities and implementing agencies in Asia-Pacific countries, promote national infrastructure construction in the Asia-Pacific region through the PPP model, and thus provide a boost for the implementation of the UN 2030 Sustainable Development Goals, as well as to better support the Belt and Road Initiative.
Zhang also shared CFLD's experience in operating the PPP projects over the past 16 years and regional sustainable development plans that CFLD has provided to local governments in the areas of project planning, land consolidation, infrastructure construction, public facility development, industrial progress and city operation services.
Nearly 80 delegates, including related officials from the 22 countries of the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) member countries and PPP Center of China's Ministry of Finance, Guizhou Provincial Department of Finance and relevant provincial departments, and principals of private investors, third-party consulting agencies, as well as project companies attended the event.
The 3-day event includes a briefing on the current development of the PPP, both domestically and internationally, case sharing and discussing, training and demonstration, and field trips to projects.
In order to explore Guizhou province's experience in developing PPP models more deeply, the delegates will also visit PPP projects of education facilities, equipment and logistics service outsourcing in Wudang District of Guiyang (Zhenxin Kindergarten Subproject), Nanming River Environment Comprehensive Improvement Phase II Project and the Guiyang-Weng'an Highway Project.
The event was hosted by the UNESCAP, undertaken by the PPP Center of China's Ministry of Finance, and the Guizhou Provincial Department of Finance.