Steady growth and investment expansion the nationa

Steady growth and investment expansion the national development and Reform Commission intensively approved 100 billion yuan of infrastructure projects

steady growth and investment expansion the national development and Reform Commission intensively approved 100 billion yuan of infrastructure projects

China Construction Machinery Information

China continues to accelerate the pace of steady growth and investment expansion. On June 10, the national development and Reform Commission approved the construction of seven major infrastructure projects, including the Shangqiu Hefei Hangzhou railway and the phase II expansion of Haikou Meilan Airport, with a cumulative investment of more than 120billion yuan

the new projects approved by the national development and Reform Commission include the newly built Shangqiu Hena equipment measurement 1, which will inevitably produce large errors, the Feizhi Hangzhou railway, and the newly built Hepu Zhanjiang railway, with a total investment of about 110billion yuan. The other five airport projects are: the second phase expansion project of Haikou Meilan International Airport, the Wudalianchi civil airport in Heilongjiang Province, and the aviation safety experimental base project of the Civil Aviation Research Institute of China, The total investment in the construction of Xinjiang Shache civil airport and Xinjiang Ruoqiang civil airport is about 16.8 billion yuan

it is found that since May, the national development and Reform Commission has significantly accelerated the approval of infrastructure projects. On May 18, the national development and Reform Commission approved four railway construction projects, including the Jinan Qingdao high-speed railway, as well as the recent construction planning of urban rail transit in Chengdu and Nanning, with a total investment of 243.577 billion yuan; On May 20, the national development and Reform Commission approved the rail transit construction plans of Nanjing, Nanchang and Hohhot, involving a total investment of 215191million yuan. In contrast, in the first four months of this year, the NDRC only approved two railway track projects. Chenkexin, chief analyst of Lange Economic Research Center, said that in the past, the approval of railway and other infrastructure projects was intensive in the second half of the year, and the national development and Reform Commission also launched a round of intensive approval boom in the fourth quarter of last year. "The most effective means to stabilize economic growth in the short term is investment, and the scale of investment in infrastructure projects is often tens of billions, which can drive many industries such as steel and cement. Therefore, it often plays a leading role in the government's steady growth and micro stimulus."