Recently, the "Urban Rail Transit 2020 Annual Statistics and Analysis Report" released by the China Urban Rail Transit Association disclosed a set of data. By the end of 2020, the total length of urban rail transit operating lines in mainland China has reached nearly 8,000 kilometers. At the same time, there are more than The 7000 km line is under planning and construction. Over the years, the China Development Bank has given full play to its role as a major bank for medium- and long-term investment, financing and infrastructure construction, and vigorously supported the development of urban rail transit in China. As of the end of 2020, the CDB has accumulatively committed loans of 3.66 trillion yuan and issued a total of 1.1 trillion yuan in loans, supporting more than 11,000 kilometers of urban rail transit construction projects under construction and in operation in 47 cities.
Urban rail transit
Urban rail transit is the development direction of modern metropolitan transportation. When more and more big cities are facing serious problems such as traffic congestion, the development of rail transit can not only directly benefit citizens by providing convenient transportation services, but also promote the development of upstream and downstream industrial chains, and bring appreciation to properties along the route. , Is an effective starting point for all localities to solve the "big city disease" and promote high-quality economic and social development. Over the years, the China Development Bank has been committed to supporting the construction of major livelihood projects in the field of infrastructure such as urban rail transit, focusing on promoting market construction, credit construction and system construction, and making positive contributions to boosting economic and social development. As early as 1997, China Development Bank took the lead in serving the overall situation of the major development strategy of the national economy and provided a loan of 2 billion yuan to the Beijing Metro Fuba Line, becoming the first domestic financial institution to finance and support urban rail construction. From 1997 to 2002, China Development Bank supported 14 urban rail construction projects in 8 cities, including Shanghai, and pledged 40.5 billion yuan in loans, becoming a pioneer in supporting investment and financing in the urban rail industry.
Since then, China's urban rail transit construction has gradually accelerated, especially after 2008, urban rail transit and other infrastructure construction has become a key area of investment. China Development Bank adheres to the concept of planning first, innovates the "one city, one policy" working mechanism, and designs financing models based on local conditions to support the construction of urban rail projects. In Chengdu, the Sichuan Branch of China Development Bank provided full-process and full-coverage support for the construction of Chengdu Metro. In 2005, Chengdu Metro Line 1 was approved, with a total investment of 7.6 billion yuan in the first phase of the project. Only relying on Chengdu’s financial resources and the subway company with a registered capital of only 50 million yuan at the time, it was difficult to meet the massive funding needs for subway construction. The Sichuan Branch of China Development Bank took the initiative to connect, advise on the financing of Chengdu's first subway construction, provide financing planning services, and support preliminary work such as the preliminary design of Metro Line 1. Since then, the bank has exclusively issued a long-term loan of 3.8 billion yuan for Chengdu Metro Line 1, and provided more than 20 million US dollars in foreign exchange loan support when the project urgently needed to purchase equipment overseas. With the help of CDB's multi-variety and all-round financial assistance, the first phase of Chengdu Metro Line 1 was completed and opened to traffic in 2010, and Chengdu has become the first city in western my country to open a subway. Since 2005, China Development Bank has provided more than 100 billion yuan of funds to support the construction of more than 770 kilometers of Chengdu rail transit lines under construction and open to traffic in all 18 lines of Chengdu rail transit, helping Chengdu rail transit operating mileage rank among the top in the country.
Since 2018, the General Office of the State Council has issued the "Opinions on Further Strengthening the Management of Urban Rail Transit Planning and Construction", making new arrangements for China's urban rail transit planning and construction. China Development Bank conscientiously implements the new development concept, adheres to the policy of “acting within the limits and orderly development” in accordance with the requirements of the “Opinions”, and actively explores innovative financing models under the premise of compliance with laws and regulations, and solidly prevents and controls risks, supports and Urban rail transit construction projects that adapt to the level of local economic and social development and match actual needs. In Fuzhou, China Development Bank provided 26.7 billion yuan in credit for the Fuzhou Rail Transit Line 4 and Line 5 projects to help the construction of the “Fuzhou City” in the new era; in Xi’an, China Development Bank contributed to the 7 lines planned for the third round of Xi’an Metro construction Provide 66 billion yuan of financing to provide strong support for Xi'an to build a national central city. During the "14th Five-Year Plan" period, China will accelerate the construction of a transportation power, build a comprehensive and comprehensive three-dimensional transportation network, in-depth implementation of the public transportation priority development strategy, and orderly promote the development of urban rail transit.Editor/Xing Wentao、Design/Xia Changwang
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