SMM Steel Market Morning News: Trillion-Yuan PPP Existing Projects Expected to Undergo 'New and Old Division'

On December 28th, it was learned by reporters that in order to expedite the implementation of the new government and social capital cooperation mechanism, the outline of the concession operation plan, model of concession agreement and other supporting documents will be issued more quickly. Industry insiders stated that the new PPP mechanism opens up a new channel for the development of infrastructure and public utilities in China. With the 'new and old division' of the trillion-yuan PPP existing projects, in the future, existing projects that do not meet the requirements of the new mechanism will continue to be rectified and pushed forward in a regulated and orderly manner, while projects that meet the requirements of special bond support areas and have certain returns can apply for local government special bond funds.