Jiangsu Provincial Department of Finance recently issued the notice on awarding and replenishing funds for the fourth batch of PPP projects in 2019 (SCJ [2019] No. 127, hereinafter referred to as the "notice"). The circular pointed out that in order to implement the spirit of the opinions of the provincial government on promoting the cooperation mode of government and social capital in the field of public services (SZF [2015] No. 101) and further promote the cooperation between the provincial government and social capital (PPP) with high quality, according to the measures for the management of government and social capital cooperation (PPP) Project Awards and supplementary funds issued by Jiangsu Provincial Department of finance (SCG [2018] No. 16), after discussion, Jiangsu Provincial Department of Finance issued the fourth batch of PPP project award and subsidy funds in 2019, and awarded and supplemented 7 PPP pilot projects that meet the conditions, with a total amount of 22.52 million yuan. Meanwhile: 4 provincial pilot projects with initial cost subsidy of 2.4 million yuan, 3 provincial pilot projects with landing award subsidy of 2012 million yuan, listed 2010699 "financial business - other financial business expenses" government budget expense subjects in 2019.
The circular requires the financial bureaus of Nanjing, Wuxi, Xuzhou, Taizhou, Xinyi and Xinghua to use the compensation fund in strict accordance with the fund management measures. The early-stage cost subsidy fund is specially used for the project consultation service, expert certification and evaluation and other early-stage operations. The landing bonus and subsidy fund is mainly used for the government's equity expenditure, operation subsidy and other expenses related to PPP project in the whole life cycle of the project. It can also be used for PPP management operations such as project certification, legal counsel, supervision and inspection, performance evaluation, subject research, publicity and promotion, business training, etc. by each Finance Bureau as a whole. At the same time, all financial bureaus are also required to ensure the implementation of PPP pilot project standards in strict accordance with the requirements of the opinions of the Ministry of Finance on promoting the implementation of government and social capital cooperation standards (CJ [2019] No. 10) and other documents.
