Economic Daily: Standardize the construction and operation of existing PPP projects.

Not long ago, the General Office of the State Council forwarded the Ministry of Finance's "Guiding Opinions on Standardizing the Construction and Operation of Existing Projects in Government and Social Capital Cooperation", requiring adherence to problem orientation, classified strategies, cost reduction and efficiency enhancement, and standardizing the construction and operation of existing projects in government and social capital cooperation. The promulgation of the "Opinions" marks the maturity of the PPP model, and existing cooperation projects with a total investment of over 10 trillion yuan are expected to usher in new opportunities, with existing and incremental projects expected to achieve coordinated development. In the new policy environment, the operation goals, market environment, and participating entities of existing projects have undergone significant changes, and PPP existing projects have shown new opportunities and paths for development. However, they still face many challenges such as balancing the interests of all parties and difficult coordination of fund utilization. In the next stage, local governments should, under the overall guidance of provincial governments, improve the social credit system, strengthen credit supervision and industry self-discipline, coordinate development, benefit the people, prevent risks, actively promote the effective implementation of new regulations, and promote the government and social capital cooperation model to enter a new stage of "standardizing existing projects, seeking efficiency in new additions, running on dual tracks, and cooperating synergistically".