Intensive introduction of policies and measures by multiple departments - to accelerate the construction of major projects

2022-11-29

Lijiang Sightseeing Train Phase I Project is the first urban rail transit line in Lijiang City, Yunnan Province, connecting the World Cultural Heritage Lijiang Ancient City and the Yulong Snow Mountain 5A Scenic Area, with a total length of about 20.8 kilometers and a design speed of 70 kilometers per hour. On November 28, the project officially entered the commissioning stage. The picture shows the sightseeing train leaving the vehicle base of Lijiang Sightseeing Train Phase I Project. The National Development and Reform Commission has urged and guided local governments to accelerate the commencement of projects, the Ministry of Finance has issued 7 billion yuan of national major water conservancy project construction fund in advance, and the People's Bank of China has proposed to strengthen the implementation of credit lines for major projects exceeding 3.5 trillion yuan... Recently, many departments have intensively introduced policies and measures to accelerate the construction of major projects. The relevant person in charge of the National Development and Reform Commission said that he would strive to form more physical workload as soon as possible, better play the key role of investment, and help consolidate the trend of economic recovery. Financial instruments support the construction of major projects and accelerate the construction of major projects, which is an important support for expanding domestic demand and stabilizing the economic market. Meng Wei, deputy director of the Political Research Office of the National Development and Reform Commission, said that the National Development and Reform Commission and relevant departments should make good use of policy based development financial instruments, establish a coordination mechanism to promote effective investment in important projects, use funds related to activating the special debt limit stock of local governments to support the construction of major projects, and accelerate the construction of water conservancy projects, transportation infrastructure, underground utility tunnels and other projects, Relevant policy measures have achieved the expected results. On June 29 this year, the executive meeting of the State Council determined the measures of policy oriented development financial instruments to support the construction of major projects. According to the data of the People's Bank of China, as of the end of October, 740 billion yuan had been invested in two batches of financial instruments. The monetary policy analysis team of the People's Bank of China introduced that, with the joint efforts of all parties, financial instruments effectively supported infrastructure construction and effectively supplemented capital for a number of major projects in the fields of transportation, energy, water conservancy, municipal administration, industrial upgrading infrastructure, etc. From the perspective of implementation effect, the two batches of financial instruments currently support more than 2700 major projects, with an operating rate of more than 90%. "The effect of relevant policies has gradually emerged, and the role of major projects as a driver and government investment as a lever has played an active role in promoting the steady growth of investment." Wen Bin, chief economist of China Minsheng Bank, analyzed the reporter. According to the latest data, infrastructure investment increased by 8.7% year-on-year from January to October, 0.1 percentage points faster than the first three quarters, and rebounded for six consecutive months. The growth rate of investment in major projects was accelerated. The investment in major projects with a total planned investment of 100 million yuan or more in the first 10 months increased by 12.2% year on year, 0.4 percentage points faster than that in the first three quarters, and 6.4 percentage points higher than the total investment. How to better play the role of leading major projects by attracting private capital in various ways? The executive meeting of the State Council recently proposed to promote social capital investment, including private enterprises. Wen Bin believes that since this year, the growth of private investment has continued to be lower than the overall investment growth, with only 1.6% growth in the first 10 months. This requires further policy support

Edit:wangwenting    Responsible editor:xiaomai

Source:people.cn

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