Credit Default of Local Public Sectors in Chinese Government-Pay PPP Projects: Evidence from Ecological Construction

Table 2

General information on 15 cases from ecological construction.

Number	Project	Contract period	Extent of Government-Pay	Levels of credit default
1	Lianjiang Tangshan Water Plant	30 years	Total	Bought back by the government in 2009
2	Shandong Zhonghua Project	20 years	Partial	Revenue declined since 2002
3	Tianjin Shuanggang Waste Incineration Plant	22 years	Total	Bought back by the government in 2006
4	Western Qinhuangdao Waste Incineration Plant	Uncertain	Total	Halted temporarily by the government in 2011
5	Wuxi Xidong Waste Incineration Plant	Uncertain	Total	Halted temporarily by the government in 2011
6	Beijing Liulitun Waste Incineration Plant	Uncertain	Total	Halted temporarily by the government in 2011
7	Kunming Wuhua Waste Incineration Plant	30 years	Partial	Social capitals withdrew investment in 2006
8	Qingdao Veolia Sewage Treatment Project	25 years	Partial	Social capitals withdrew investment in 2014
9	Changzhou Hengshanqiao Sewage Treatment Project	30 years	Partial	Government took over temporarily in 2011
10	Changchun Huijin Sewage Treatment Project	25 years	Partial	Bought back by the government in 2005
11	Wuhan Tangxuhu Sewage Treatment Project	20 years	Partial	Bought back by the government in 2004
12	Shenyang No. 9 Water Plant	20 years	Partial	Bought back by the government in 2006
13	Hancheng Sewage Treatment Project	30 years	Total	Halted by the government in 2018
14	Luoyang Sewage Treatment Project	20 years	Total	Halted by the government in 2018
15	Muping Waste Incineration Plant	30 years	Total	Halted by the government in 2018