Translation. Region: Russian Federal
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
BEIJING, Aug. 6 (Xinhua) — China on Wednesday unveiled an action plan for a new round of rural highway upgrading to improve rural transportation infrastructure and promote all-round rural revitalization.
The plan, published by the Ministry of Transport, the Ministry of Finance and the Ministry of Natural Resources, sets out ambitious goals to improve the technical standards of rural highways, close gaps in their maintenance and create an efficient rural road network to support agricultural modernisation.
The document includes specific targets such as building and upgrading 300,000 km of rural highways and repairing another 300,000 km of rural roads. The plan stipulates that more than 70 percent of rural highways should be maintained in “good condition,” while the public bus network should cover 55 percent of all villages.
The central government will provide funding for the initiative, and provincial-level authorities will coordinate the use of local resources for the construction, management, maintenance and operation of rural highways. Unregulated debt financing and the creation of new hidden debt by government agencies are strictly prohibited, and enhanced fiscal supervision will be introduced at all administrative levels, the plan says.
Innovative financing channels are encouraged, including legally supported participation of financial institutions and private companies in rural road development. It is also proposed to explore the possibility of strengthening medium- and long-term credit support, create more sustainable financing mechanisms and test differentiated lending models based on market principles. –0–
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