万亿存量PPP项目迎支持：保障在建项目建设，地方不得拖欠付费

Core Viewpoint - The Chinese government has issued a clear policy to support over one trillion yuan of existing PPP projects, emphasizing problem-oriented approaches, classification of measures, and cost reduction to enhance public services and social welfare [1][3]. Summary by Sections Policy Guidance - The State Council has released a notification to regulate the construction and operation of existing PPP projects, ensuring smooth progress for ongoing projects and addressing reasonable financing needs [1][2]. Financial Institutions' Role - Financial institutions are encouraged to objectively assess and support ongoing projects in compliance with market principles, ensuring timely disbursement of loans based on project funding needs and risk control [2][4]. Debt Management - The central government plans to allocate 800 billion yuan annually from new local special bonds for five years starting in 2024 to help local governments manage existing debts, including those related to PPP projects [3][5]. Project Operation and Compliance - Local governments are required to fulfill contractual obligations for operational projects, ensuring timely payments based on performance results and addressing any overdue payments to enterprises [3][4]. Cost Management and Efficiency - The notification emphasizes the need for enhanced project operation supervision and cost reduction, encouraging equal communication among social capital, financial institutions, and government entities to optimize project implementation and financing [4][5].