Seven Chinese provinces announced 287 public-private partnership projects on Tuesday that will be open to private investors. The projects, collectively worth around 940 billion yuan ($148 billion), include municipal works, highways, rail, airport, water conservation and energy projects.

They were announced during a PPP promotional teleconference organized by the National Development and Reform Commission in cooperation with the All-China Federation of Industry and Commerce.

PPPs are collaborative projects between governments and private companies that are mainly funded and operated by the latter.