Chongqing- On April 14, an inspection train at the Wanzhou North High-Speed Railway Station headed towards Xiangyang, Hubei, marking the beginning of the whole line test of Xiangyang east to Wanzhou north section of the Zhengzhou-Chongqing high-speed railway. This means that it is one step closer to the operation of the entire line.
Since the beginning of this year, Chongqing has accelerated and forged ahead in transportation construction. In the first quarter, Chongqing’s transportation investment reached a total of 21.92 billion yuan (about 3.43 billion U.S. dollars), with a year-on-year increase of 10.4%.
Guarantee funds
In March this year, the Chongqing to Qianjiang section of the Chongqing-Hunan high-speed railway under construction received a large amount of support: a special bond of 2.5 billion yuan was successfully issued.
This section of the Chongqing-Hunan high-speed railway completed an investment of 2.938 billion yuan in the first quarter, accounting for 28% of the annual investment plan, with a year-on-year growth of 211%. This is one of the examples of reliable financial funds offered by Chongqing's government. The other essential projects of airway and railway are also included in the 2022 issuance plan for special bond funds.
The transportation system of Chongqing. (iChongqing file photo)
The construction of key transportation projects cannot be separated from policy support and elements guarantee. Therefore, Chongqing has launched a series of policies to improve the land guarantee capacity further, strengthen the guarantee of project construction elements, speed up the progress of major projects and promote the acceleration of transportation investment.
Such policy pushes the transport construction effectively. Data from the Chongqing Transportation Bureau shows that in the first quarter, the T3B terminal and fourth runway project of Jiangbei Airport achieved an investment of 910 million yuan with a year-on-year increase of 5.9 times.
High efficiency
In the first quarter of this year, Chongqing actively coordinated with the related departments to open up green channels for the projects' examination and approval.
In only ten working days, the Chongqing-Wanzhou high-speed railway completed the initial approval and countersignature of the China State Railway Group, providing an important guarantee for the full commencement of the main project of the Chongqing-Wanzhou high-speed railway within the year.
During the 14th Five-year Plan period (2021-2025), Wanzhou District plans to invest 37 billion yuan in transport construction. It will build a national comprehensive transport hub by 2025, according to Wanzhou Transport Bureau in February.
(Wang Lu, as an intern, also contributed to this report.)