Plan and deploy new infrastructure development support policies in multiple locations to accelerate implementation

2023-08-24

Recently, multiple regions have successively introduced policies and measures to accelerate the development of new infrastructure, involving planning a batch of major projects, and providing "real gold and silver" subsidies and rewards. Experts say that it is expected that the investment in new infrastructure this year may reach 2.6 trillion to 3 trillion yuan. With the acceleration of local special bond issuance, investment, including new infrastructure, will continue to be the main driving force for stabilizing the economic market and achieving growth in the second half of the year. The development of new infrastructure in multiple regions has been accelerated by pressing the "fast forward" button. Henan proposes to adhere to the guidance of major projects and promote breakthroughs in key areas and key links of new infrastructure. Strengthen the development of application scenarios and plan a batch of leading projects in key areas; Clearly allocate "real gold and silver" to reward and subsidize enterprises, projects, cities, etc., while strengthening service guarantees such as land use, energy use, and talent, and fully supporting the construction of new infrastructure. The Implementation Plan for New Urbanization in Guizhou Province (2023-2025) released by Guizhou proposes to accelerate the construction of charging infrastructure in urban public areas and residential communities, increase the charging guarantee capacity of new energy electric vehicles to 3.5 kilowatts per vehicle, and achieve 100% coverage of charging facilities in highway service areas. Fujian has made it clear that it will moderately advance the deployment of innovative infrastructure in the next three years, focusing on promoting the research and development of strategic cutting-edge technologies, common technologies, key core technologies, and disruptive technologies. The next step is to strengthen the tracking and implementation of key indicators in the action plan, establish and improve a policy execution evaluation mechanism, strengthen planning and layout guidance, actively plan reserves and implement a batch of major projects, supervise and accelerate the construction of new infrastructure in key industries and key areas, and comprehensively improve the capacity and level of new infrastructure in Fujian. "The relevant person in charge of the Fujian Provincial Development and Reform Commission said. The acceleration of special bonds will drive the development of new infrastructure. Special bonds are an important source of funding for local project construction. According to data from the Ministry of Finance, in the first half of the year, 2172.1 billion yuan of special bonds were issued by various regions for project construction, with a cumulative support for nearly 20000 special bond projects. Chen Yuheng, Vice Dean of East High tech Investment and Research Institute, told Shanghai Securities News that the accelerated issuance of special bonds in the near future will further boost the driving effect of infrastructure, especially for new infrastructure projects in various regions. Proposed by the Central Political Bureau meeting Accelerate the issuance of land straw, reduce the use of land straw, and carry out two operations to alleviate fatigue. The issuance will be completed by the end of September. Zhang Yiqun, Vice Chairman of the China Financial Budget Performance Committee, told reporters that the third quarter will enter the fastest season for local government bond issuance throughout the year. In addition to conducting farmland and water conservancy projects such as floods and water damage reconstruction, the investment direction will be more focused on data centers, artificial intelligence, industrial interconnection, and charging piles New infrastructure construction fields such as ultra-high voltage transmission, urban rail transit, and municipal pipeline networks. Developing new infrastructure not only empowers traditional infrastructure, but also further expands investment space and provides forward-looking driving support for future economic development, "said Zhang Yiqun. According to data from the National Bureau of Statistics, the investment in new infrastructure construction during the 14th Five Year Plan period exceeded 15 trillion yuan. In the first half of this year, investment in new infrastructure construction increased by 16.2% year-on-year, accounting for all infrastructure projects

Edit:Hou Wenzhe    Responsible editor:WeiZe

Source:Shanghai Securities Daily

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