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NDRC Forecasts CN Total Investment for Construction, Renovation of Local Pipe Networks in 5 Yrs at RMB4T
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With reference to relevant research, it is estimated that the construction and renovation of local pipe networks in China will reach a total of 600,000 km in the next five years, with a total investment requirement of RMB4 trillion, Liu Sushe, deputy director of the National Development and Reform Commission (NDRC), said at a press conference held by the State Council Information Office when introducing the implementation of a package of incremental policies. The next step will be to continue to coordinate the use of various types of funds, arrange the project list and investment plan in advance, and continue to promote the upgrading and transformation of urban infrastructure. Among the two lists of RMB100 billion investment projects for 2025 that have been issued in advance, priority will be given to supporting a number of key urban renewal projects. At present, there is a humungous demand for funding for urban underground pipe networks. With the projects being mature, priority will be given to supporting underground pipe network construction projects. AAStocks Financial News |
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