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Recently, various local transportation and transportation conferences have been held one after another. In 2017, traffic investment plans for various regions have also been “launchedâ€. With the intensified advancement of the poverty alleviation and poverty alleviation campaign for transport and the decentralization of related project approval and approval power, the traffic investment in China's multi-territories will continue to rise in 2017, especially in the central and western regions where poverty alleviation tasks are heavy. According to incomplete statistics, traffic investment in the ten central and western provinces of Xinjiang, Tibet, Ningxia, Yunnan, Hubei, Henan, Sichuan, Anhui, Shaanxi, and Yunnan will reach trillions of yuan in 2017, including reductions in Hubei and Sichuan. In the investment plan, other provinces have increased their investment plans.
This year, traffic in ten provinces in the central and western regions will reach trillions.
Minister of Communications Li Xiaopeng stated at the national transportation and transportation work conference that in 2016, it is expected to complete 1.78 trillion yuan of highway project investment, over-achieving the target of 1.65 trillion yuan; and it is estimated that the completion of investment in waterways and other construction projects for the year will be 189.4 billion yuan. In 2017, investment in transportation infrastructure will be increased. Highways and waterways will complete fixed assets investment of 1.8 trillion yuan, add 5,000 kilometers of expressways, rebuild 200,000 kilometers of rural highways, and add 7000 hardened roads in poor areas. The newly added river-level high-grade navigation channel has reached the standard mileage of 500 kilometers, and 4000 passenger buses have been built.
In 2016, the investment in transportation in many provinces in the central and western regions will show a booming growth. In 2017, traffic investment will continue to increase.
For example, in 2016, Xinjiang's transportation construction completed a fixed asset investment of 36 billion yuan, and completed 138.4% of the annual plan, an increase of 51.3% year-on-year. In 2017, Xinjiang plans to start 2933 transportation projects with a total investment of 757.1 billion yuan. It will strive to complete an investment of 200 billion yuan, and build a total mileage of about 82,300 kilometers, including 7,292 kilometers of expressways, 10,300 kilometers of common national highways, and rural roads. There are 41,800 kilometers of township roads, 22,900 kilometers of resources and tourism roads.
It is worth noting that Sichuan and Hubei, two major investment provinces, lowered their 2017 investment plans. In 2016, the construction of highways and waterways in Sichuan Province completed an investment of 311 billion yuan, exceeding 100 billion yuan for the sixth consecutive year. In 2017, it plans to invest 120 billion yuan. In 2016, Hubei completed a total of 101 billion yuan in investment in fixed assets for highway and waterway traffic. In 2017, Hubei Province's transportation highway waterway plans to invest 80.5 billion yuan.
Experts said that due to the relatively weak economic development in the central and western regions, how to implement project funding is the key. The central and western regions should build new investment and financing mechanisms for diversified financing, and give full play to the application of the PPP model in the field of transportation investment.
April 22, 2023