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Increase investment! Promote the implementation of major projects in the energy sector that can start this year as soon as possible


State Council: Increase investment! Promote the implementation of major projects in the energy sector that can start this year as soon as possible

Chinese Government NetworkRelease time:2022-08-09 

The 2022 Government Work Report proposes to actively expand effective investment, moderately advance infrastructure investment, and more government investment in people's livelihood projects. In the first half of this year, the national fixed asset investment (excluding rural households) increased by 6.1 year-on-year, and the scale of effective investment continued to expand. Where does the investment come from? What projects are invested in?

  Increase investment!

This year, it is proposed to arrange special local government bonds of 3.65 trillion yuan. Strengthen the performance orientation, adhere to the principle of "funds and elements follow the project", reasonably expand the scope of use, support the follow-up financing of projects under construction, and start a number of qualified major projects, new infrastructure, old public facilities transformation and other construction projects.

Investment arrangements within the central budget are 640 billion yuan. Government investment is more inclined to people's livelihood projects, and the efforts to make up for shortcomings in the field of social and people's livelihood are increased.

For financial support for infrastructure construction, it is necessary to increase the credit line of policy banks by 800 billion yuan, and establish a docking mechanism for the list of key projects.

The use of policy and development financial instruments to raise 300 billion yuan through the issuance of financial bonds and other financial instruments to supplement the capital of major projects, including new infrastructure, but not more than 50% of the total capital, or to bridge the capital of special debt projects.

Encourage insurance companies and others to give full play to their long-term capital advantages and increase support for infrastructure construction and major projects such as water conservancy, water transportation, highways, and logistics.

 Focus on investment effectiveness!

The key role of effective investment in economic recovery and development. Investment should pay attention to effectiveness, not only timely and decisive decision-making and implementation, do not delay the opportunity, do not engage in flooding, can not "radish fast not wash mud".

Accelerate the implementation of investment projects within the central budget and urge localities to speed up the use of special bonds.

We should make good use of policy oriented development financial instruments in a market-oriented way, and the projects supported should conform to the "14th Five Year Plan" and other plans, which are beneficial to the present and long-term. We should mainly invest in infrastructure and new infrastructure such as transportation, energy, logistics, agriculture and rural areas, and should not be used for land reserve and make up for the gap of local fiscal revenue and expenditure.

The project must have mature conditions, be effective, and be able to play a role as soon as possible, and competitive industries must rely entirely on market-oriented development. The coordination mechanism for effective investment in important projects should continue to operate efficiently, open up green channels, implement parallel examination and approval, speed up the procedures for land use, energy and environmental evaluation in accordance with the law, and form more physical workload as soon as possible in the third quarter on the premise of ensuring the quality of the project.

  Focus on investing in these projects!

Around the country's major strategic deployment and the "14th Five-Year Plan", infrastructure investment should be carried out in advance. We will build key water conservancy projects, comprehensive three-dimensional transportation networks, important energy bases and facilities, speed up the renewal and transformation of urban gas pipelines, water supply and drainage pipelines, improve flood control and drainage facilities, and continue to promote the construction of underground comprehensive pipe corridors.

Water conservancy projects: In 2022, a batch of projects that have been included in the plan and have mature conditions will be started, including major water diversion projects such as the follow-up project of the South-to-North Water Diversion Project, backbone flood control and disaster reduction, danger elimination and reinforcement of dangerous reservoirs, and construction and renovation of irrigation areas. In the first half of the year, 22 new major water conservancy projects were started, and the investment in water conservancy construction was 444.9 billion billion yuan, all reaching a record high.

Infrastructure in the field of transportation: for the comprehensive three-dimensional transportation network projects along the coastal areas and ports and waterways along the river, we should strengthen the guarantee of resource elements, optimize the approval procedures, and promptly promote the implementation of the project, so as to ensure that it should be fully opened and can be fully opened. Support China National Railway Group Co., Ltd. to issue 300 billion yuan railway construction bonds. Start a new round of rural road construction and transformation. On the basis of completing this year's goals and tasks, further strengthen financial and other policy support, and complete 30000 kilometers of new rural roads, 30000 kilometers of rural road safety and life protection projects, and 3000 rural roads. There are dangerous bridges. During the year, a number of projects such as national highway connectivity, smooth bottleneck sections of inter-provincial highways, construction of inland water transport channels, and improvement of port functions will be started.

Energy projects: Promote the implementation of major projects in the energy sector that are basically ready to start this year as soon as possible. Play the main role of coal energy. We will work together to optimize the approval and approval policies for production and project construction of coal enterprises, implement the responsibility of local stable production and supply, and fully release advanced production capacity. Through nuclear energy production, expansion, new production, etc., this year's new coal production capacity of 0.3 billion tons. Actively and steadily promote the Jinsha River Longpan and other hydropower projects preliminary research and demonstration and design optimization work. Accelerate the promotion of the construction of large-scale wind power photovoltaic bases focusing on deserts, Gobi, and desert areas. In the near future, we will promptly start the second batch of projects, make overall arrangements for the use of forest and grass water for large-scale wind power base construction projects, and approve and start construction of base projects, coal Power projects and UHV transmission channels. Focus on the layout of a number of pumped storage power stations that play a strong role in ensuring the security of the power system, promote the large-scale development of new energy, and have relatively superior economic indicators, and speed up the construction of projects with mature conditions. Accelerate the planning and preliminary work of the main grid AC project from Zhangbei to Shengli, Sichuan and Chongqing, as well as the cross-provincial power grid project from Longdong to Shandong and Jinshang to Hubei. Three new nuclear power unit projects in Sanmen, Zhejiang, Haiyang, Shandong, and Lufeng, Guangdong, which have been incorporated into the national plan after years of preparation and comprehensive evaluation and review, are approved.

Urban gas pipelines: on the basis of comprehensively finding out the aging renovation and transformation of urban gas, water supply, drainage, heating and other pipelines, we should speed up the aging renovation and transformation of urban gas pipelines, so as to completely eliminate potential safety hazards. 2022 to start the implementation of a number of aging renovation projects.

Urban underground integrated pipe gallery: to guide all localities in the city's old pipe network transformation and other work to promote the construction of pipe gallery, in the new urban area according to the functional needs of the active development of dry, branch pipe gallery, reasonable layout of the pipe gallery system, co-ordinate all kinds of pipeline laying. Speed up the clear entry fee policy, take multiple measures to solve the problem of investment and financing obstacles, and promote the implementation of a number of qualified underground integrated corridor projects.

On the basis of the nine major areas identified in the early stage, such as transportation infrastructure, energy, and affordable housing projects, the areas of special bond support will be appropriately expanded, and priority will be given to new infrastructure and new energy projects.

  Stabilize private investment!

In the bidding projects of supply chain industry chain, we should give preference to the consortium of large and medium-sized enterprises, and encourage private enterprises to give full play to their own advantages to participate in tackling key problems.

In 2022, about 500 new "little giant" enterprises will be added.

Encourage private investment to focus on urban infrastructure, etc., and participate in the construction of projects in key areas through a comprehensive development model.

In the "14th Five-Year Plan" 102 major projects and the country's clear key construction areas, select a number of demonstration projects to attract private capital participation. The identified transportation, water conservancy and other projects should be accelerated, private investment should be treated equally in bidding, and specific measures for work relief should be introduced as soon as possible.

Deepen the reform of "letting go. Improve the efficiency of private investment procedures, incorporate large projects into the local key project library and strengthen land use and other guarantees. All localities should protect the legitimate rights and interests of private investment and strictly fulfill their policy commitments. Support the healthy development of the platform economy and support the development of venture capital by private capital.

Encourage financial institutions to use loan renewals, extensions, etc. to support private investment. Provide government financing guarantees for eligible projects. We will promptly launch a real estate investment trust fund project for private investment. Encourage private enterprises to market-oriented debt-to-equity swaps.

 Invigorate the stock of assets!

Focus on revitalizing infrastructure project assets with large stock scale, good current income or high growth potential, including transportation, water conservancy, clean energy, affordable rental housing, water, electricity and heat and other municipal facilities, ecological and environmental protection, industrial parks, warehousing and logistics, Tourism, new infrastructure, etc.

Co-ordinate the inventory and expansion of the organic combination of project assets, including the transformation of integrated transportation hubs, industrial enterprises back into the park and so on.

Orderly revitalize project assets that have been idle for a long time but have greater development and utilization value, including old factories, cultural stadiums and idle land, as well as non-main business assets such as hotels, restaurants, and nursing homes run by state-owned enterprises.

Promote the healthy development of real estate investment trusts (REITs) in the infrastructure sector. Further improve the efficiency of recommend and auditing, and encourage more qualified infrastructure REITs projects to be issued and listed.

Standardize and orderly promote government and social capital cooperation (PPP). Encourage stock projects with long-term stable operating income to adopt the PPP model to invigorate stock assets and improve operational efficiency and service levels.