云南规范存量PPP项目，部分转为政府投资项目

Core Viewpoint - The Chinese government is taking steps to regulate existing Public-Private Partnership (PPP) projects, with specific measures introduced by provinces like Yunnan to address challenges faced by these projects, which have accumulated significant investment but also encountered various issues [1][2]. Group 1: Government Actions and Regulations - The State Council has issued guidelines to ensure the smooth construction of existing PPP projects and the stable operation of those already in place, with a focus on providing policy support [2]. - Yunnan Province has released a detailed implementation plan to conduct a comprehensive review of all PPP projects by June 2026, aiming to resolve prominent issues by the end of 2027 [1][2]. - The new PPP mechanism introduced by the State Council narrows the scope of PPP projects, focusing on user-pay models, which has led to the discontinuation of previous PPP systems and left many existing projects in financial distress [1][2]. Group 2: Project Transformation and Financial Management - A significant strategy for addressing issues in existing PPP projects involves converting some of these projects into government-funded initiatives, particularly those lacking core PPP elements [3]. - The plan mandates that any project transitioning to government investment must undergo thorough evaluation and adhere to legal procedures, with compensation to private partners limited to reasonable construction costs [3]. - Financial support for these projects will be prioritized through local government special bonds and other funding sources, ensuring that budget allocations for PPP projects are strictly managed [5][7]. Group 3: Risk Assessment and Management - For PPP projects that retain core PPP characteristics, Yunnan will implement dynamic risk assessments to identify and categorize risks associated with construction, contract performance, and evaluation [4]. - A classification management system will be established to monitor risks and develop tailored solutions for each project, ensuring effective risk mitigation [4]. Group 4: Financial Support and Operational Efficiency - The plan emphasizes the need for increased financial support from local governments to address the funding challenges faced by existing PPP projects [6][7]. - A communication mechanism between the government and financial institutions will be established to facilitate lower interest rates and loan extensions for PPP projects [7]. - Social capital partners are encouraged to enhance service quality and efficiency while reducing operational costs, thereby alleviating the financial burden on local governments [7].