Inner Mongolian Landscaping Firm, Baotou Government Co-operate on Ecological PPP Projects
Yicai Global
/SOURCE : Yicai
Inner Mongolian Landscaping Firm, Baotou Government Co-operate on Ecological PPP Projects

(Yicai Global) Oct. 14 -- Landscaping firm Inner Mongolia M-Grass Ecology & Environment (Group) Co. [SHE:300355] has signed an agreement with the Baotou city government in the Inner Mongolia Autonomous Region to work together in the investment and construction of public-private partnership projects supporting the local ecology.

Both parties will discuss the possibility of setting up a Baotou Ecological Industry Fund worth CNY10 billion (USD1.49 billion) which will be used for the construction and operation of PPP projects in the local ecological industry, the Huhehaote-based company said.

Public welfare projects will be paid for by the government while projects of other categories will be paid by the user with subsidies provided by the government.

In addition, M-Grass will cultivate seeds and seedlings of Baotou's local flora and offer germplasm resources to support ecological restoration, the company said.

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