Private investment sought for water pollution fight
Print Edition
CHINA is expected to roll out a string of policies to encourage private investment in developing water pollution projects worth of millions of dollars, according to sources at the state environment watchdog.
China’s Ministry of Finance and the Ministry of Environmental Protection are considering polices to promote public-private partnerships in addressing water pollution, the sources said after the release of implementation opinions regulating such partnerships for water pollution prevention and control.
The opinions encourage such partnerships in water pollution prevention and control; and require clarifying boundaries for projects, improving return mechanisms, and standardizing operating procedures.
“The government will offer more preferential financial policies to support project operation and reward outstanding performers,” said Zhao Hualin, a senior financial official with the environment ministry.
Meanwhile, more innovative financial products and services will be introduced to support private investment in water pollution control, Zhao added.
The aquatic ecosystem has been severely damaged in many parts of China, threatening public health and economic development, and last month the State Council unveiled a detailed action plan to fight water pollution.
It said more than 70 percent of the water in the seven major river valleys should be in good condition by 2020.
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