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Chengdu puts infrastructure in fast-lane
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CHENGDU has kept its infrastructure construction growing on a fast lane for years with the capital of Sichuan Province aiming to accelerate urbanization and become friendlier for its residents, investors as well as travelers. This year, the construction of public transport facilities took the lead among various projects.
Chengdu’s Metro network has undergone rapid development over recent years, reflecting the efforts of the mega city in west China to create a better public environment.
Chengdu has two Metro lines currently in operation, and seven lines are under construction. By 2020, 13 Metro lines covering 500 kilometers are expected to be in service.
Moreover, six trolly bus lines covering 98 kilometers will be also put into service by 2020.
“We will continue to improve the hardware of our transport network this year, while the upgrading of our software — or services — will also be critical,” said officials with the Chengdu Transport Commission.
Meanwhile, Chengdu is slated to see the arrival of a new international airport by 2018. It is only 51.5 kilometers away from downtown Chengdu.
The new Chengdu Tianfu International Airport is planned to have three runways in its first phase, with this number doubling to six in the future. A 1.26 million-square-meter terminal is also planned in the long-run. Once the new airport opens, it is expected to handled 40 million passengers annually, adding fresh stimulus to Chengdu’s economic growth and internationalization.
The airport will be located within a 30-minute drive of downtown Chengdu and the Tianfu New Area, a newly developed multi-function area supporting cutting-edge manufacturing and high-end service industries. It will also spur a new round of public transport construction, with new bus lines, highways and intercity rails designed to connect with the coming air travel hub.
During the first seven months of this year, investment totaled 402.5 billion yuan, up 9.1 percent year on year.
Officials in Chengdu have also taken the initiative to encourage foreign and private investment into local infrastructure projects.
More industries — including many previously dominated by state-owned enterprises — are now open to private capital. Chengdu government also encouraged more investment models, such as the build-operate-transfer model, into infrastructure projects and welfare causes.
The Chengdu government last year revamped its guidelines for investment in infrastructure development, and streamlined administrative procedures on projects under 50 million yuan to boost efficiency in fund allocation, according to official documents.
Authorities have also demanded earlier quality and security inspection in the construction of key infrastructure projects, and now give construction certificates on a phase-by-phase basis.
Meanwhile, officials in Chengdu are now offering incentives for companies that carry out fixed-asset investment. With projects in manufacturing or information-related industries worth more than 500 million yuan, corporate investors can apply for rewards of up to 1 million yuan. For investments in the service sector involving more than 1 billion, officials are also offering loans at preferential interest rates.
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