Xinhua News Agency, Beijing, 27 June 《China Securities Journal》Article published on the 27th《Speeding up the Progress of Major Projects and Supporting Transportation Infrastructure with Multiple Funds》。According to the article，In the near future，A number of key transportation projects across the country have been stepped up.，Set off a construction boom。Jijiantong data show，In the past half month alone, the relevant departments have approved 17 major highway traffic projects with an investment of more than 1 billion yuan.。Experts point out，Since this year，There are many major projects related to infrastructure.，With the increasing demand for steady growth,，Follow-up stock projects or accelerated landing，Help expand effective investment、Stabilize the economy。

（Data Map，Xinhua News Agency）

Transportation infrastructure construction is in full swing.

Not afraid of the summer heat，Major transportation infrastructure construction in many places is in full swing.，Keep refreshing“Progress bar”。

Look at the railway。The Dragon Boat Festival holiday，Sichuan-Qinghai Railway、Chengdu-Yichang high-speed railway、Chengdu-Dawan high-speed railway、Chengdu-Chongqing central line、Chongqing-Kunming high-speed railway、Xi'an-Chongqing high-speed railway、New Chongqing-Wanzhou High-speed Railway、Chongqing-Guizhou Section of Chongqing-Hunan High-speed Railway、Construction sites of 10 high-speed railways under construction of Guinan High-speed Railway and Panxing High-speed Railway，There is a busy scene everywhere.，Builders give up their holidays.，Seize a favorable opportunity，Fighting in the Front Line of Construction，Ensure the smooth progress of the project on schedule。

Look at the road。Recently，Key construction projects in Guizhou Province undertaken by China Railway 16th Bureau——Shanghai-Kunming Expressway from Anshun to Panzhou（Boundary between Guizhou and Yunnan）Section expansion project（Anpan Expressway）Successful construction of Dongguashan Tunnel，It marks that Anpan Expressway has entered the stage of full construction.，It has created good conditions for the early completion and opening to traffic.。

Look at the airport。Recently，Guangzhou Baiyun International Airport Phase III Expansion ProjectTTerminal 3 projects have ushered in the main buildingAThe main structure of the first block in the area is capped.、Shougang Structural Grid Successfully Completed Lifting and Other Important Node。June 22，As the first cubic meter of concrete is slowly poured at the bottom of the foundation pit,，Jinan Yaoqiang Airport Comprehensive Transportation Hub Project undertaken by China Railway Tenth Bureau（Phase I）Construction of the main project of the South Airport Station，Press for the construction of the station“Accelerator key”。

A number of key projects have been approved.，A number of major projects have been stepped up.，A number of important projects have been accelerated.……Zhao Wei, chief economist of Guojin Securities, said.，Since this year，There are many major projects related to infrastructure.，In view of the increasing demand for steady growth,，Follow-up stock projects or accelerated landing。

Sufficient Motivation to Expand Effective Investment in Transportation

In the near future，Many places have announced the progress of transportation investment in the first five months of this year.，Continuous expansion of effective investment in transportation has become a common choice for local governments to expand effective investment.。

Fujian Provincial Department of Transportation announced recently.，In May, the provincial highway and waterway transportation investment completed 88.7.8 billion yuan，Year-on-year growth of 11.8%。1-Accumulated investment completed in May 458.7.6 billion yuan，Year-on-year growth of 4.4%；Overscheduled Progress 4.2 percentage points。Hubei Provincial Department of Transportation released news a few days ago.，1-In May, the investment in fixed assets of highway and waterway in the whole province was 699.500 million yuan，Year-on-year growth of 38.9%，A new record high.。High-speed rail construction，This year and next year，10 high-speed railways under construction and proposed in Hubei，The total investment is 330 billion yuan.，The number and investment scale of the proposed high-speed rail projects rank first in the country.。According to the disclosure of Chongqing Development and Reform Commission，1-In May, Chongqing's infrastructure investment increased by 9..8%、Higher than the national average of 2.3 percentage points，Among them, transportation investment grew by 10% year-on-year.9%。

From a national perspective，The Ministry of Transport announced earlier.，In the first four months of this year, 1 trillion yuan was invested in fixed assets of transportation.，Year-on-year growth of 13.4%。According to the data disclosed by China National Railway Group Co., Ltd.，1-In May, the national railway completed fixed assets investment of 206.1 billion yuan.，Up 7% over the same period last year%。

Xie Shuqin, consulting manager of Sullivan Greater China, said.，Since 2023，China's transportation industry is gradually recovering。Under the guidance and support of transportation infrastructure policy，Steady recovery of freight and passenger traffic volume，It also provides strong momentum for the growth of investment in transportation infrastructure.。Large development space in highway construction、Transport demand picked up、National strategic support、Overseas“Big Civil Engineering”Driven by infrastructure development and other factors，China's Transportation Fixed Assets Investment Market Has Great Potential，It will further boost the vigorous development of China's transportation infrastructure construction.。

Broaden the sources of construction funds through multiple channels

Traffic project construction boom surges，Where does the money come from?？

Special debt is an important starting point for the implementation of active fiscal policy.。June 8，Fujian successfully issued new government bonds 561.4.9 billion yuan。At this point，In addition to the spontaneous return part of Xiamen，This year, the new government debt limit issued by the Ministry of Finance in Fujian Province has been completed.，Fujian Province has become the first province in China to complete the task of issuing new government bonds throughout the year.。

Changjiang Securities Macro Chief Analyst Yu Bo introduced.，This year, the second batch of local debt quotas have been issued one after another.，Some provinces have made rapid progress in issuance.。As of June 16，There is already Beijing、Eighteen provinces and municipalities, including Tianjin, disclosed the second batch of local debt quotas in their budget adjustment plans.，Among them, Beijing、Inner Mongolia、Fujian and others made it clear.，Speed up the progress of bond issuance and use，Promote the formation of physical workload as soon as possible。

Sun Binbin, chief consolidation analyst at Tianfeng Securities, said.，The progress of new local debt issuance in June is likely to be faster than that in May.。On the basis of issuing the second batch of quotas and the completion of local budget adjustment，Third quarter local debt issuance is expected to be released again。

In addition，Expert advice，We can consider continuing to use policy-oriented development financial instruments to promote the expansion of effective investment.。Said Wen Bin, chief economist of Minsheng Bank.，In addition to special debt, it is expected to speed up the issuance and use.，Policy-oriented development financial instruments may also increase issuance.，To supplement the project capital.，Support infrastructure investment。

Zheshang Securities analyst Kuang Peiqin thinks.，Infrastructure investment as an important starting point for stabilizing the economy，It will be a key area of policy support.。In the second half of the year, policy-oriented development financial instruments to support infrastructure and new infrastructure are expected to be introduced.，Monetary environment is expected to remain loose，The possibility of RRR cut or interest rate cut remains.。

（Source：Xinhua News Agency）