It was reported that Chenzhou Economic Development Zone signed the incubation base “ppp”agreement with Hunan Second Engineering Company and Chenzhou Construction Bank, which indicated that the “ppp”model for the infrastructure construction has been fully launched. Chenzhou Economic Development Zone also signed a “credit”agreement with China Construction Bank on that day.

It was learned that the three parties reached the consensus on the principals as “integration of resources, complementary of advantages, win-win cooperation, and acceleration of development” and established the new “ppp”company for the construction of innovation incubation base. The investment items include land consolidation, road infrastructures construction, new innovation building, and etc. It would fully accelerate the construction of the industrial park. At the meantime, China Construction Bank Chenzhou Branch would carry out the credit loan businesses in the industrial park to assist the development of small and medium-sized enterprises. It was purposely to forge a “low-lying land” for innovation and entrepreneurship.

PPP model refers to the partnership reached between the government and non-governmental organizations for the cooperation of infrastructure construction, or supply of public products and service on the basis of concession agreement. The parties need to sign the agreement to specify their rights and obligations to ensure the cooperation to be promoted fluently. The public-private partnership of “PPP” investment construction model is a new investment and financing model encouraged by the State. It is helpful to ease the financial burden of the government and investment risk of social entities by “sharing profits , risks and cooperation” .

In recent years, Chenzhou Economic Development Zone took the cultivation and incubation of small and medium-sized enterprises and mobilization of innovation and entrepreneurship as the new economic increasing points. It built 0.31million square meters standard workshops in Changchong Xiangnan High-tech New Industrial Park as its incubator base. Series favorable policies as half renting fees, free business tax, loan guarantee, and etc. were issued to the small and medium-sized enterprises which registered and settled down in the base with less 5million yuan registration capitals.