Accounting for 74.9% of total fixed assets investment

It was learned from Chenzhou Development and Reform Commission that total investment of non-public ownerships was amounted to 40.97billion yuan, up 11.4%, accounting for the 74.9% of the total fixed assets investment. It provides strong support for Chenzhou city’s stable increase, structural adjustment, and promotion of transformation.

From last year, Chenzhou city kept expanding the files and range of social investment, which encouraged and guided more private capitals to be placed on basic industries and infrastructures. In the meantime, the reform of commercial registration was further prompted that the enterprises were capable for getting access to the businesses with lower standards. In recent two years, 57 approval authorities were abandoned or decentralized, which helped to grant the development of private investment with better condition. Individuals, private enterprises, private joint-equity enterprises, and some more entities were available in Chenzhou city to handle different models of investments. The Second and Fourth Sewage Treatment Plant and supporting pipe works were carried out by BOT model; Chenzhou First People’s Hospital was by BOO model; and Mangshan Water Conservancy was by PPP which was one of the first national PPP water conservancy projects.