Since the beginning of this year, the construction of water conservancy infrastructure has been accelerated, which has provided important assistance for the continuous recovery of China’s economy. Recently, Vice Minister Wang Daoxi of the Ministry of Water Resources presided over a water conservancy infrastructure construction scheduling meeting. When deploying the next step, he asked, “Water conservancy departments at all levels should improve their political positions, take more forceful measures, strive to maintain the scale and progress of water conservancy infrastructure system construction, and ensure the completion of annual goals and tasks.”
Yu Xiaoming, a senior investment consultant of Jufeng Investment Consulting, said in an interview with a reporter from the Securities Daily that the construction of water conservancy infrastructure is the foundation of my country’s economic and social development and an important part of my country’s infrastructure construction. The level of its development directly affects the country’s water resource management, flood prevention, and agriculture, industry and urban water use. As my country’s requirements for water resources management and disaster prevention and mitigation capabilities continue to increase, it is expected that the demand for water conservancy investment will continue to grow, and the acceleration of water conservancy investment will also play an important role in driving overall infrastructure investment.
According to data from the Ministry of Water Resources, in the first half of this year, 17,600 new water conservancy projects were started across the country, with an investment scale of 720.8 billion yuan, 3,707 more than the same period last year, and an investment scale of 111.3 billion yuan. Among them, there were 1,095 projects with an investment scale of more than 100 million yuan. In addition, the newly started major water conservancy projects were the most in the same period of history. From the perspective of investment, in the first half of this year, the national investment in water conservancy construction was 783.2 billion yuan, 35.2 billion yuan more than the same period last year, an increase of 4.7%. The implementation of water conservancy construction investment is more than the same period in previous years. In the first half of this year, the national investment in water conservancy construction was 525.4 billion yuan, an increase of 18.1% year-on-year.
Tian Lihui, dean of the Financial Development Research Institute of Nankai University, told the Securities Daily reporter that the accelerated investment in water conservancy construction will on the one hand drive the growth of overall infrastructure investment; on the other hand, it will also improve the efficiency and quality of agricultural production, increase the output and quality of agricultural products, and promote agricultural development and increase farmers’ income. At the same time, it will also drive the development of industries such as water conservancy projects, building materials, and mechanical equipment, and promote the improvement and upgrading of the industrial chain, thereby driving the development of the entire economy.
The reporter learned from the Ministry of Water Resources that in the first half of this year, 24 major water conservancy projects were newly started across the country, distributed in 14 provinces and autonomous regions, with an investment scale of more than 100 billion yuan.
Zhang Xiangwei, director of the Planning and Planning Department of the Ministry of Water Resources, said that in the next step, the Ministry of Water Resources will press stubble to advance the preliminary work of major water conservancy projects, and strive to start another batch of major water conservancy projects in the second half of the year, and strive to maintain the scale and progress of water conservancy infrastructure construction.
Since the beginning of this year, although various localities have actively taken measures to implement local government special bonds for water conservancy construction and achieved certain results, compared with the same period last year, the implementation scale has decreased, and some areas have experienced a large decrease.
For this reason, the Department of Planning and Planning of the Ministry of Water Resources emphasized at the special meeting on the implementation of local government special bonds held on July 14 that water conservancy departments at all levels must fully understand the current situation and problems they are facing, and make further efforts to implement local government special bonds. The meeting requested that water conservancy departments at all levels should intensify their work, establish ledgers, assign special personnel to be responsible, keep a close eye on water conservancy projects that have been included in the list of local government special bond preparation projects, and strive for more implementation and early implementation, so as to provide strong support and guarantee for the completion of annual goals and tasks.
Yu Xiaoming predicts that water conservancy investment will continue to perform well in the second half of the year.
Tian Lihui reminded that although the current water conservancy investment plan is progressing well, the construction of water conservancy projects in the next stage needs to strengthen capital supervision and project quality supervision to ensure the effectiveness and safety of investment.
(Article source: Securities Daily)
Article source: Securities Daily
Article author: Du Yumeng Han Yu
Original Title: Water Conservancy Infrastructure Construction Accelerates Local Government Special Debt Needs to be Re-strengthened
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2023-07-23 16:23:39
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