Ministry of Transportation Says Leading Social Funds to Participate in Transportation Development

The Deputy Minister of Transport, Feng Zhenglin, attended a symposium on financial institutions supporting transportation development and financing on May 24. He also discussed financial services with some banks, trusts, and insurance institutions to innovate financing mechanisms for transportation development.

Feng Zhenglin pointed out that transportation is an important basic, leading, and service industry for the country’s economic and social development. After more than 30 years of reform and opening up, especially during the past 10 years, China’s transportation infrastructure has made great achievements. It has developed a road of transportation development with Chinese characteristics and explored and established “central investment, local financing, social financing, and utilization. "Funding" financing mode for transport infrastructure construction has effectively promoted economic and social development.

Feng Zhenglin proposed that the demand for funds for transport infrastructure construction will remain strong in the coming period. According to the new national road network plan, the planned mileage of common national highways and rural roads has increased significantly. With the increase in construction mileage and construction costs, the funding gap remains large. The development of transportation cannot simply duplicate the scale and speed of the past. We must reasonably determine the scale of construction on the basis of financial resources, handle the relationship between development speed, scale, quality, and efficiency, handle the relationship between construction and maintenance, and do what we can to do our best. In order to achieve sustained and healthy development of transportation.

Feng Zhenglin stressed that it is necessary to thoroughly implement the directive spirit of Deputy Prime Minister Ma Kai and further reform and innovate financing mechanisms for transport infrastructure. Improve the toll highway policy, explore the franchise system, and guide social funds to participate in the development of transportation. He hoped that the financial institutions have a strategic vision, jumped out of the vision of “seeing the road by road”, expanded the scope of support, and innovative support methods, and achieved a win-win situation and common development in advancing the scientific development of transportation, and made new goals for the realization of two hundred-year goals. Big contribution.