According to the data released by the National Bureau of Statistics, from January to October, infrastructure investment in the tertiary industry increased by 6.2% year-on-year.
According to relevant media statistics, from July 1 to October 31, 2023, a total of 2376 major infrastructure projects were started nationwide, with a total investment of 19218 103 million yuan.
Among them, there are 33 new highways, with a total investment of 131.86 billion yuan, including expressways, national highways, provincial highways, expressways, bridges, tunnels and road reconstruction projects; 8 new railways and rail transit projects, with a total investment of 30.672 billion yuan ; Twenty new water conservancy and water affairs projects have been started, with a total investment of 131.53 billion yuan , mainly water environment improvement and pumped storage projects, including some waterlogging prevention projects and reservoir construction; 339 new housing construction/municipal projects, distributed in 26 provinces and cities nationwide, with a total investment of 276.545 billion yuan , mainly for infrastructure and urban development and renewal projects; in addition, 3 port and shipping projects, with an investment of 3.124 billion yuan; There were 1,973 other projects, mainly high-tech projects and industrial projects, with a total 13480 of 1.72 billion yuan.
Project construction can not be separated from the guarantee of funds. At present, when local governments are concentrating on launching projects, the arrival of 1 trillion yuan of additional treasury bonds is just in time, which has become a major opportunity for local governments to actively seize.
As for the projects involved in the issuance of additional treasury bonds, the National Development and Reform Commission has recently made it clear that the additional 1 trillion yuan of treasury bonds issued in the fourth quarter of this year will give priority to supporting key projects identified in national and local planning. It is understood that in order to effectively improve the accuracy and effectiveness of investment, the National Development and Reform Commission and the Ministry of Finance will soon issue a circular requiring all localities to sort out a number of eligible projects and submit them in time through the national major construction project database. The project must be a project under construction since 2021, or a new project under construction before the end of June next year.
With the implementation and landing of major projects around the country and the financial support of trillions of national debt, the follow-up will have a positive impact on cement demand.
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