Nantong's first "PPP" lighting project renovation project implemented, adding about 4,000 sets of LED lights

The PPP model (public-private partnership) refers to the introduction of social capital to participate in the construction and operation management of public infrastructure, which can effectively control government debt, alleviate financial expenditure pressure, improve the efficiency of public product management, and at the same time bring long-term and stable benefits to enterprises. It is a public product provision method that can make the government, enterprises, and society win-win. The old community lighting "PPP" project implemented in Nantong City is a private cooperative unit (the winning bidder) that provides LED energy-saving lamps to replace conventional sodium lamps. The energy-saving benefits are shared between the government and the private cooperative unit, and the investment costs of energy-saving projects are paid with the saved electricity bills.