The Ministry of Water Resources website reported on May 31 that on May 30, the Ministry of Water Resources and the China Development Bank held a developmentfinanceto support the construction of water conservancy infrastructure.Liu Weiping, vice minister of the Ministry of Water Resources, pointed out that it is necessary to actively expand the financing channels for water conservancy construction, especially to make full use of the medium and long-term financial credit support policies of the Development Bank.Local water conservancy departments and various river basinmanagementagencies should establish and improve the government-bank cooperation mechanism, give full play to the advantageous role of development finance, and promote the rapid growth of the scale of development finance to support water conservancy credit.
Liu Weiping requested that we should focus on the key areas of development finance to support the construction of water conservancy infrastructure, earnestly do a good job of credit support for major water conservancy projects, actively expand the scale of rural water supply financing such as large-scale water supply, and strive to improve water conservancy financing capabilities to ensure that all loans are fully borrowed.It is necessary to improve the work coordination mechanism, deepen the reform of key areas, establish a project financing list, strengthen the summary, publicity and promotion, and promote the implementation of development finance to support the construction of water conservancy infrastructure.
Source: ChinaSecuritiesJournal China Securities Network Author: Zhou Jia
