Representatives of Shanxi companies and China Public-Private Partnership Foundation sign an agreement in Taiyuan on Aug 8. [Photo/sxrb.com]

A Shanxi Public-Private Partnership No 1 Cooperative Fund sponsored by China Public-Private Partnership Foundation (China PPP Foundation), Shanxi Jinxin Clean Investment Guide Co and Shanxi Caihui Capital Management Co was founded on Aug 8.

This is the first time for China PPP Foundation to support a program in Shanxi, marking the success of business matching between the province and the foundation.

The cooperative fund will support the construction of a vocational education park and culture venues in Changzhi city in the form of equity investment.

Founded in 2016, China PPP Foundation with 180 billion yuan ($26.36 billion) had invested in 112 projects in nearly 90 cities in 25 provinces by the end of July.

The PPP market in Shanxi has been expanding rapidly in recent years. By the end of June, there were 287 PPP projects with total investment of 212.69 billion yuan in Shanxi province, ranking 14th in China for its number and 18th for its investment volume.