Recently, Brighteous Law Firm has been engaged by the Construction Administrative Committee of Feilong Lake Ecological Areain Luqiao District of Taizhou and designated lawyers XuYangchao, Zhang Yue and Zhu Tengfei to provide legal services throughout the large PPP Project – the Construction Project of Feilong Lake Ecological Area.
The total investment of this project will reach more than 14 billion 975 million yuan,ranked seventhon scale nationwide in PPP projects of August 2017. The project contains various subjects, covering municipalaffairs, resettlement housing, public greening and cultural tourist center and thesupporting infrastructure. The number of sub-projects is expected to be more than 24. The financing plan is complex, which may involve syndication, funds, asset securitization and so on. This project needs long-term cooperation. For example,thecooperation period for the cultural tourismis 20 years.The project is not only by far the largest PPP project for area development and scenic spot developmentthat has been put into operation, but also an important measure of Taizhouauthority who adopts an innovative financial framework to operate the PPP project.
Brighteous Law Firm has dealt with a number of PPP projects for local governments or social funds.Brighteous lawyers have been committed to working with different parties of PPP projects and to helping them complete the projects smoothly.