In the practice of PPP, social capital is usually recruited before participating in the project operation, and then a project company is established to undertake the construction and operation of the project. PPP projects are all public services or infrastructure, and the approval of pre-construction procedures is aimed at projects.
There are two pre-approval systems for ppp projects:
1. Government investment projects can be divided into two ways: direct investment and capital injection. From the perspective of investment decision-making, the decision-making needs to approve the project proposal and feasibility study report, and the commencement report will not be approved except in special circumstances. At the same time, the preliminary design and budgetary estimate of government investment projects should be strictly examined and approved.
2, the government's investment subsidies, lending and loan interest subsidies for the project, the "Decision" only requires the approval of the fund application report. The specific division of authority and approval procedures shall be studied and formulated by the competent investment department of the State Council in conjunction with relevant parties, and shall be promulgated and implemented after being approved by the State Council. Because the scope of document approval for such projects is relatively small, this book is called partial approval system.
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