国务院：2024年底前未开工的项目原则上不再采取PPP存量项目模式

Core Viewpoint - The State Council has issued guidelines to regulate the construction and operation of existing government and social capital cooperation (PPP) projects, emphasizing the need for smooth project execution and reasonable financing demands, with a focus on ceasing the PPP model for projects not started by the end of 2024 [1][2]. Group 1: Guidelines for Existing Projects - The guidelines allow local governments to utilize general and special bonds to cover government expenditures in the construction costs of eligible ongoing PPP projects [1][2]. - For operational projects, local governments are required to include operational subsidies in budget management and strictly adhere to expenditure plans without reallocating funds designated for PPP projects [1][2]. Group 2: Financial Institutions and Project Financing - The guidelines encourage financial institutions to negotiate with social capital partners to optimize financing structures through methods such as adjusting repayment plans, lowering interest rates, and extending loan terms [3]. - The government is also urged to engage in equal negotiations with social capital partners to reasonably adjust investment return rates and establish mechanisms for controlling operational costs [3]. Group 3: Future Project Implementation - The guidelines mandate that projects not commenced by the end of 2024 should not adopt the PPP model, aiming to expedite the completion of ongoing projects [2]. - Financial institutions are instructed to optimize credit approval processes and avoid unjustified loan terminations or demands for additional guarantees from local governments [2][3].