CRI听力:China Promotes Private Investment Through Franchising

China's top economic regulator has unveiled new laws allowing private investors to jointly-build projects in the energy, transportation, water and environmental protection sectors with the government.

The new plans, known as Public-Private Partnerships, will be open to both foreign and domestic private tendering in June.

Li Pumin, Secretary General of the National Development and Reform Commission, says the investment model makes sense for China.

"This regulation can help attract private money into infrastructure and public projects via corporate investment. Companies, be them either domestic or foreign, will be treated equally in the bidding process for infrastructure and public projects."

Policy banks and other lending institutions are also being forced to provide "differentiated" credit support to the projects.

This will include loans of up to 30-years