G20 leaders urged to act on infrastructure

Call for standard contract treaty, criteria to support private capital investments

The infrastructure task force of the Business 20 summit will urge G20 leaders to encourage development banks and institutes to support private investments in infrastructure projects, the task force's chairman said on Tuesday.

Ren Hongbin, the task force's chairman and chairman of China National Machinery Industry Corp, said G20 governments should jointly establish a standard contract treaty and criteria for the public-private partnership model, to further protect the rights of private investors.