Introduction

In partnership with the Mass Transit Railway Corporation (MTR), the project aims to better understand the policy and institutional dimensions for public-private partnerships (PPP) in urban infrastructure investment, operations and management. It examines international best practice as well as PPP experience in China and assesses important managerial, governance, and financial aspects of PPPs in order to promote efficient market-oriented reforms for public infrastructure investment in China. The project seeks to provide evidence based policy suggestions addressing low efficiency in public service and infrastructure construction and the heavy burden of fiscal expenditure in China’s existing public infrastructure. The project will result in policy recommendations for central ministries and local governments in China on principals and best approaches for PPPs in transport, waste management, water supply, and social housing.