Thanks Andy, great find! Here is the translated version with the...

Thanks Andy, great find! Here is the translated version with the important part in bold:

Sohu Home Finance Inadvertent Master
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Garbage, sewage treatment to promote the full release of PPP reform decision
China Economic Times 07-20 00:00 big
On July 18, the Ministry of Finance, the Ministry of Environmental Protection and other four ministries jointly issued the Notice on the Full Implementation of the PPP Mode for Wastewater and Waste Disposal Projects with Government Participation (hereinafter referred to as the "Notice"). According to the "notice" content, the government involved in the new sewage, garbage disposal project to fully implement the PPP model. PPP is the government and social capital cooperation, in the eight after the Third Plenary Session of the government to push the reform and investment model. The government has pushed PPP into a new norm in the supply of public goods and public services. After more than three years of development, the Ministry of Finance PPP project library data show that as of July 18, 2017, 13132 storage projects, the amount of the project reached 16 trillion yuan. In fact, in October last year, the Ministry of Finance in the "published in the field of public services in-depth promotion of government and social capital cooperation work" has been proposed to further increase the PPP model to promote the use of efforts. It is understood that in the document, the Ministry of Finance position, will be in the garbage disposal, sewage treatment and other areas to explore the PPP model to force the pilot. And the main push of the waste disposal and sewage treatment in two areas is characterized by a relatively mature market, with a stable cash flow, which will also benefit the relevant industry chain listed companies. The promulgation of this "notice" is considered to be further from the "encouragement" to the full implementation of the "mandatory" requirements, both conducive to garbage, sewage treatment field PPP long-term development, while reflecting the government's full implementation of PPP's The The sewage, garbage disposal projects, presumably the next step in other areas or industries to vigorously promote. The next step in the expansion of the scale of the PPP market will play a greater role in promoting. In addition, the author noted that the clear market range from the past some of the municipal areas to expand to the rural non-point source pollution, food waste, hazardous waste and other fields, the system environment from the original simple franchise management approach to the whole PPP top-level design, an increase of value for money evaluation, local budget management system. Although it is in the same field force, but in fact a larger market, the system environment is more perfect. "Notice" clearly, in the field of sewage, waste disposal to implement the PPP model of the goal, that is, the government involved in the new sewage, waste disposal project to fully implement the PPP model. Orderly advancement of stock projects to PPP mode. As soon as possible in the field to form a social capital-based, unified, standardized and efficient PPP market, to promote the relevant environment, public goods and service supply structure was optimized. In this regard, the industry said that the requirements of the implementation of the PPP model is also required to regulate, in recent years, PPP propulsion process in the emergence of a variety of issues made clear requirements. Combined with the spirit of the central financial work conference, for the purpose of financing pseudo PPP will be limited. This is the local government to operate the PPP capacity of the higher requirements, ability, experience, professional, team stability of the consulting firm will be easier access to local government trust. Overall, in my opinion, the "notice" reflects the government's firm commitment to the implementation of PPP, and there are three bright spots worthy of attention. First of all, the "notice" pointed out that in line with the full implementation of the PPP model conditions of various types of sewage, waste disposal projects, government participation is limited to PPP mode, and not effectively implement the full implementation of the PPP model policy related projects, in principle, not to arrange the relevant budget Expenditure, loss of financial expenditure. In this way, non-PPP mode is difficult to sustain, helping to improve PPP mode penetration. Second, the "notice" stressed the government to participate in the risk of PPP project isolation, that the Government shall not provide financing guarantee, shall not bear unlimited liability, shall not promise to repurchase the principal of social capital, shall not bear the loss of social capital principal, shall not promise the minimum income, In fact, to ease the pressure on government debt, help to improve the efficiency of government participation, while the requirements of standardization is conducive to the sustainable development of PPP model. Once again, the "Notice" requires the full introduction of the market mechanism in the field of sewage and waste disposal, the rapid establishment of waste water waste in the field of performance-based PPP project revenue mechanism, strengthen the performance appraisal and pay efficiency system, this way, professional companies to undertake PPP projects Better performance, the assessment system is conducive to squeeze out of non-professional companies, and rich experience in the professional experience of PPP is expected to gradually increase the market share to achieve rapid growth.