en.Wedoany.com Reported - At a State Council policy briefing on June 8, the National Development and Reform Commission (NDRC) outlined the implementation priorities of the "Urban Renewal 15th Five-Year Plan." Guan Peng, head of the Fixed Asset Investment Department, stated that in the next phase, efforts will focus on coordinating "hard investment" and "soft construction" in line with the plan, translating its main objectives and key tasks into tangible projects that the public can perceive and benefit from, ensuring substantial progress in urban renewal during the 15th Five-Year Plan period.
In terms of "hard investment," the principle of "overall planning with prioritized focus" and "addressing urgent needs first with phased implementation" will be followed. Priority will be given to projects involving public safety and livelihood security, such as the renovation of old residential communities and dilapidated urban housing. Concurrently, development-oriented projects like the renovation of old neighborhoods and factory areas will be supported to better serve people's livelihoods. Guan Peng noted that the construction and renovation of urban underground pipeline networks are a key component of the "six networks" in the 15th Five-Year Plan's infrastructure development. The state will continue to allocate ultra-long-term special government bonds in the "two major initiatives" to provide enhanced support for these efforts.
In terms of "soft construction," the planning, implementation, and operational management of urban renewal projects will adhere to the principle that "cities are built by the people and for the people." Key priorities include improving investment mechanisms, enhancing investment efficiency, mobilizing the enthusiasm of residents and enterprises, refining operation and maintenance systems, and focusing on governance investment to establish a diversified and sustainable long-term mechanism. Regarding investment and financing innovation, support will be given to local governments in revitalizing existing assets according to local conditions, promoting a richer supply of financial products and services, and encouraging private enterprises to participate in the construction and operation of urban infrastructure. For projects with strong innovation in investment and financing models and good demonstration effects, central investment will provide appropriate guidance and support.
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