From China Daily:
Yuan Ning, president of China Construction America, a wholly owned subsidiary of China State Construction Engineering Corporation, said the perfect way for China and the US to collaborate is through public-private partnership for infrastructure projects.
PPP is a government service or private business venture that is funded and operated through a partnership between the government and one or more private sector companies. Yuan said Chinese companies working through PPP with the US government and private sectors is a "win-win solution".
Robert Hormats, US Under Secretary of State for economic, energy and agricultural affairs, agrees that PPP is a good way to work with Chinese companies on infrastructure projects.
"Chinese investment can be really helpful. We would love to have more of that and we will be pursuing that dialogue with the Chinese," Hormats told China Daily after a business event in New York.
Chinese companies not only see the opportunity but also have shown a commitment to be a part of this development.
China State Construction Engineering Corporation recently said it will invest $2 billion in the next few years in the US market for PPP infrastructure projects, mergers and acquisitions and residential projects.
Joe Catapano, a project manager with China Construction America, said the expertise and capital Chinese companies can provide are important.
"The key issue is money. It doesn't seem the United States government is willing to spend money (on building infrastructure)," said Catapano, who has 12 years of engineering experience in New York and California.
"High-speed rail is definitely something we can learn from China. We don't have any of that in the US, anywhere," he added.
This is the source article:
China "partnering" with US and giving money to build infrastructure projects in the US: