A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
INTRODUCING PUBLIC-PRIVATE PARTNERSHIPS FOR AFFORDABLE HOUSING IN CHINA
The primary issue for the above is solving their living space and to make sure they have accommodation. [...]building a thorough social housing system, enlarging the coverage of social housing system and getting the migrant rural population into the urban social housing system remain the short and medium term objectives (Research Group of the Marketing Department in the State Council Development and Research Center, 2012). According to the Canadian Council for Public-Private Partnerships (Moskalyk, 2008), the definition of PPPs is -a cooperative venture between the public and private sectors, built on the expertise of each partner that best meets clearly defined public needs through the appropriate allocation of resources, risks and rewards.- In the present study the concept of PPP is broader and inclusive, originating from the European Commission (2004) definition of PPPs as follows: [...]Chinese public authorities suffer budgetary constraints or lack of sufficient financial resources for solving affordable housing problems. [...]when the contract is finished, the government can get all the property rights of the public houses back unconditionally which makes the previously money-consuming public rent housing projects affordable for the public sector. [...]since the government invests less or no capital investment at all, the whole project is constructed and managed by private investors which have an important incentive to speed up the construction of public rental houses so that the middle-and low-income households can move into those houses earlier.
INTRODUCING PUBLIC-PRIVATE PARTNERSHIPS FOR AFFORDABLE HOUSING IN CHINA
The primary issue for the above is solving their living space and to make sure they have accommodation. [...]building a thorough social housing system, enlarging the coverage of social housing system and getting the migrant rural population into the urban social housing system remain the short and medium term objectives (Research Group of the Marketing Department in the State Council Development and Research Center, 2012). According to the Canadian Council for Public-Private Partnerships (Moskalyk, 2008), the definition of PPPs is -a cooperative venture between the public and private sectors, built on the expertise of each partner that best meets clearly defined public needs through the appropriate allocation of resources, risks and rewards.- In the present study the concept of PPP is broader and inclusive, originating from the European Commission (2004) definition of PPPs as follows: [...]Chinese public authorities suffer budgetary constraints or lack of sufficient financial resources for solving affordable housing problems. [...]when the contract is finished, the government can get all the property rights of the public houses back unconditionally which makes the previously money-consuming public rent housing projects affordable for the public sector. [...]since the government invests less or no capital investment at all, the whole project is constructed and managed by private investors which have an important incentive to speed up the construction of public rental houses so that the middle-and low-income households can move into those houses earlier.
INTRODUCING PUBLIC-PRIVATE PARTNERSHIPS FOR AFFORDABLE HOUSING IN CHINA
2017
Article (Journal)
English
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