The Chongqing municipal government approved the PPP investment and financing scheme for the 6 freeways
In the near future, the Chongqing municipal government approved the PPP investment and financing scheme for the six highways. This represents that six other highway projects in the city will be used in the PPP model.
The six highway projects are: Qianjiang, Tongnan, Rongchang, Shizhu, Chongqing and Guizhou (Chongqing territory), Chongqing and Wuxi - Wushan - Wushan expressway section of Dachang Baiquan tunnel project, Wanzhou Qianjiang District, South Link highway transit (Chongqing Hunan Expressway connecting line), the total mileage of about 390 km, the estimated total investment about 48 billion.
According to the understanding, to accelerate the construction of Chongqing highway, municipal development and Reform Commission jointly with the Municipal Committee and the Municipal Finance Bureau, according to the actual situation and the market reaction of the highway project, set up a "construction fee period" period of cooperation, the user pays government investment (equity or subsidies, government subsidies) feasibility gap "business model, highway the introduction of investors made positive progress.
Among them, Shizhu -- Qianjiang, Tongnan, Rongchang, Chongqing and Guizhou (Chongqing border) three expressways, has successfully introduced investors and signed investment agreements, estimated the total investment is 38 billion, and the remaining three expressway projects are carrying out the bidding preparation.