East China’s Jiangsu province invested in large projects last year to support the province’s stable economic development. JSBC has the story.
The construction team of Haimen Taicang Yangtze River Tunnel recently completed the twentieth diaphragm wall pouring, marking a breakthrough in construction.
Shenghong Refining and Chemical Integration Project, the largest single process refining and chemical integration project in China, has been put into full operation.
Several major projects with an investment of more than 10 billion yuan in Wuxi have partially completed the capping of the main buildings.
Yang Jian, Director of Major Project Construction Office of Wuxi Development and Reform Commission, said that they will focus on the construction of the Taihu Bay Science and Technology Innovation Belt by implementing a number of major industrial projects with high scientific and technological content and great growth potential so that the project will become a new engine and new driving force for high-quality development in Wuxi.
In the face of the adversities caused by the COVID-19 epidemic and the downward pressure on the economy, the provincial party committee and the provincial government have always maintained their strategic focus last year to promote the implementation of major projects.
Statistics show that construction of the provincial major projects started before the third quarter to bring a total investment of more than 600 billion yuan, completing the annual investment target two months ahead of schedule.
Accelerating the implementation of major projects is inseparable from a good business environment. In Jiangyan District, Taizhou, CRRC's 5-billion-yuan traffic intelligent lifting system and boat parts project has fulfilled 70% of the construction.
Li Zhongming, Vice Minister of Investment Promotion Department of Jiangyan Economic Development Zone, Jiangsu Province, said that after the project was signed and settled, they immediately applied to the Examination and Approval Bureau for the pre-qualification service of the project tolerance and completed the design of the scheme planning, the approval of the construction drawings and other procedures in advance so that the project started construction six months ahead of schedule.
Chen Xin, Jiangyan Project Leader of Zhongcheng Industrial Group Co., Ltd., said that the whole project is expected to be completed and put into production in June this year. With the support of the local government they have more confidence in investing in Jiangsu.
Jiangsu has also actively used policy-based development financial instruments to support the construction of major projects. Last year, 938 industrial projects of more than 1 billion yuan were introduced, with a total planned investment of 2.46 trillion yuan.
“To implement the spirit of the provincial economic work conference, we must combine the strategy of expanding domestic demand with deepening the supply side structural reform, maintain confidence in development, give play to Jiangsu's advantages in industry, market, openness and business environment and form a gravitational and magnetic field for attracting and gathering major projects”, siad Lv Yonggang, Deputy Director of Economic Research Institute of Jiangsu Academy of Social Sciences.
