At the beginning of this summer, the subway line No.13 in Qingdao West Coast New Zone is under intensive construction. “The phase II project will adopt PPP mode for the 1st time in Qingdao,” Wang Zheyong, the general manager of Qingdao west coast rail transportation company, said proudly. This mode uses competitive negotiation + open bidding purchase mode, the 2nd phase project will save CNY 75.5 million in investment and financing compared with the 1st phase project.

    The Qingdao metro group actively changes and innovates investment and financing mode in recent years. It launches multi-areas, diversified and multi-channel-based financing mode through issuing medium-term notes, government and social fund cooperation (PPP mode) and collecting fund from financing lease. By the end of this April, the group has got about CNY 28.9 billion credits through all kinds of channels, including bank loans, financing lease, debt issuing and funds.