Major infrastructure construction is an important support for economic and social development.，Expanding effective investment、It plays a key supporting role in helping to stabilize the economic market.。The first quarter is the traditional off-season for capital construction.，This year, with the support of a number of policies, efforts have been made to improve efficiency.，A batch of short boards、Strong function、Long-term benefits、Major projects benefiting people's livelihood are implemented in a precise and orderly manner.，Infrastructure investment appears“The off-season is not weak”The situation of。Industry insiders expect，The growth rate of infrastructure investment is expected to maintain a high level this year.，First quarter or up to 10%Left and right。

Grasp the effective construction period for major projects

Mile City, Yunnan Province，88 wind turbines are distributed in Xiyi Town、West Second Town、Wushan Township、Hongxi town、Patrol inspection of the town、On the ridge around the town of Bump.，Converts the wind that blows through the valley into green electricity.。

This is the Three Gorges Energy Yunnan Mile West Wind Power Project, which belongs to the Three Gorges Group.，Not long ago, on March 30, full capacity grid-connected power generation was realized.。The project is the wind power project with the largest installed capacity in southwest China.，Its used 6.The 7 MW wind turbine is currently the largest single unit capacity of mountain wind power in China.。

The rapid landing of major projects is the key to effectively drive investment growth.。Since this year，Relevant departments put stable investment in a more important position.，Focus on building a modern infrastructure system，Precise and orderly implementation of a number of shortcomings、Strong function、Long-term benefits、A major project to benefit people's livelihood，Supervise and guide project units to seize the effective construction period in the first quarter，Form more physical workload as soon as possible。

Information from the Ministry of Transport，Key highway projects across the country in late March、The water transport project has been fully resumed。Relevant person in charge said，Focusing on promoting the construction and improvement of the national comprehensive three-dimensional transportation network，The construction of transportation infrastructure will be moderately advanced.，The focus of steady growth is on projects.。

It is worth mentioning that，Central enterprises further expand effective investment in 2023，Under construction、More than 900 key fixed assets investment projects are planned to be built.，Covers the countries included“Fourteen five”Planning major engineering projects、National key planning projects issued by relevant departments and projects supporting the strategic development of enterprises themselves, etc.，1-The investment completed in February exceeded 150 billion yuan.。

Anxin Securities analyst Chi Guangsheng said.，At present, the total investment scale of major projects in 2023 disclosed by each province is about 10.73 trillion yuan，Year-on-year increase of approximately 20% over the planned value for 2022%。Judging from the commencement of construction,，Major projects in each province started more actively in the first quarter.。According toMysteelIncomplete statistics，This year 1- February ，A total of nearly 2 projects have been started across the country..70,000 projects，The total investment is about 19 trillion yuan.，Up 14% over the same period last year%。

A number of policies support efforts to improve efficiency

Behind the Accelerated Landing of Major Projects，It is inseparable from the support of many policies.。

For example，Issued by the Ministry of Transport early this year《Notice on Further Improving the Work Related to the Resumption and Construction of Key Highway Projects》，Coordinate and dispatch the provincial transportation departments to do a good job in ensuring the resumption of key projects.。To ensure the first quarter of highway investment and construction“A good start”，On the premise of ensuring safety and quality, all departments in various regions，Optimize the review and approval process by classification，Quickly implement the return of personnel、Material support、Material mobilization, etc，Actively promote the construction of the project。

The issue of funding is also crucial.。This year's government work report is clear.，Active fiscal policy should be strengthened to improve efficiency.。The budget report shows，This year, the national general public budget expenditure is planned to be 27513 billion yuan.、Growth 5.6%。At the same time，New Local Government Special Debt Limit 3.8 trillion yuan，An increase of 150 billion yuan over the previous year。

“Since this year，Local special bonds continue to maintain a strong momentum.，Provide strong financial support for infrastructure projects。”Fan Ruoying, a researcher at the Bank of China Research Institute, said.。

Data released by the Ministry of Finance recently showed that，2023 1- February ，A total of 1,067.7 billion yuan of new local government bonds were issued nationwide.，China issued 151.9 billion yuan of refinancing bonds.，A total of 1219.6 billion yuan。According to the statistics of Zhongtai Securities，In March, more than 890 billion yuan of local government bonds were issued nationwide，The net financing scale is 582.2 billion yuan.，Both increased compared with the same period last year.。Among，New special bonds accounted for 59% of the total amount of local bonds issued in that month.5%，Mainly invested in municipal and industrial park infrastructure、Major national strategic projects、Affordable housing project。

At the same time, the government investment is not reduced.，This year's government work report emphasizes，Encourage and attract more private capital to participate in the construction of major national projects and short-board projects.，Stimulate the vitality of private investment。

Fan Ruoying suggested，Further expand the sources of capital investment。Take multiple measures to improve the business ecological environment of enterprises，Further reduce the comprehensive financing cost of enterprises，Improve the long-term mechanism for attracting private capital to invest in key areas，Boosting the confidence of market participants in long-term investment and operation，Effectively improve the enthusiasm of private capital to participate in infrastructure projects。

Growth rate of infrastructure investment in the first quarter may reach 10%

Industry insiders expect，Under a number of policies to improve efficiency，Infrastructure investment is expected to maintain high growth this year.，And targeted、Accuracy、The effectiveness will be further improved.。

According to the National Bureau of Statistics，This year 1-Infrastructure investment in February（Power is not included、Heat、Gas and water production and supply industry）Year-on-year growth of 9.0%。Among，Investment in water conservancy management industry increased by 3 percent.0%，Investment in public facilities management increased by 11 percent.2%，Investment in road transport increased by 5 percent.9%，Investment in railway transportation increased by 17 percent.8%。

Review the first quarter of 2022，National infrastructure investment grew by 8% year-on-year.5%，Of which 1-Year-on-year growth of 8% in February.1%。

“Infrastructure investment will remain an important supporting force for economic growth this year.。”Fan Ruoying said，The growth rate of infrastructure investment in the first quarter will remain at a high level.，Expected to reach 10%Left and right。In her opinion，The main supporting factors are，First，After the impact of the epidemic is weakened，China's economic vitality has recovered significantly.，Construction of infrastructure projects around the country、Construction is accelerating。Second，Financial support continued to increase，Superimposed policy、Development financial instruments play a further role，It has effectively alleviated the capital problem of infrastructure investment.。Third，The reserve of major projects in various regions is relatively sufficient.，There is more room for growth in project construction.。

Chi Guangsheng thinks，Infrastructure construction in 2023 is still the main starting point for all regions to fight for the economy。On the basis of last year's high base，The growth rate of infrastructure investment this year is expected to increase by 8%-10%。CICC Research Report also judged，Infrastructure investment will remain at 8% in 2023%-10%Medium and high growth rate，And the physical workload will be better than last year。Considering the acceleration of infrastructure construction in the first quarter of 2023，Infrastructure investment growth is expected to reach 10%Left and right。