In North China，The main structure of Xiongan Terminal Station of Jingxiong Express Line has been capped；In South China，Hainan Sanya Phoenix International Airport Phase III Project and Qionghai Boao Airport Phase III Project were announced on the same day.；In the West，The section from Qingbaijiang East to Zhenjiangguan of Sichuan-Qinghai Railway was officially put into operation……

Near the end of the year，Key projects across the country have entered the critical period of sprinting annual targets.。Traffic、Construction of a number of major projects such as water conservancy has been stepped up.，Accelerating the landing of infrastructure investment。Industry insiders believe that，As the steady investment policy continues to increase.、Early Policies Continue to Work Effectively，The recovery of infrastructure investment throughout the year can be expected.。

Speed up the dense network of transportation

For days，The construction site of Wuhai Section of Baoyin High-speed Railway is a busy scene.，Front-line builders fight against severe cold，Shuttling through various construction sites，Ensure the completion of annual engineering tasks with high quality and efficiency。

Hot construction site，The pulse of development。Look at the railway。In the near future，New progress has been made in the construction of many railway projects.。Lixiang Railway、Operation of Qingbaijiang East-Zhenjiangguan Section of Sichuan-Qinghai Railway，Tianjin-Xingtai Intercity Railway、Xubi Railway、Jizheng high-speed railway、Chengdu-Yichang high-speed railway、Chang-Jing-Huang High-speed Railway、Shanwei-Shantou South Section of Shantou-Shantou High-speed Railway、Longyan-Wuping Section of Longlong High-speed Railway、A number of major railway lines, such as Fangdong Railway, are expected to open before the end of the year.。In addition，Wei-Su High-speed Railway on the Second Line of Beijing-Shanghai High-speed Railway、Huangtong-Baise Railway、Railway projects such as the Hefei-Wuhan section of the Shanghai-Chongqing-Chengdu high-speed railway along the Yangtze River are scheduled to start construction before the end of the year.……

Look at the road。Recently，Ningyan Expressway、Zile ExpresswayTJBid 6 project、Dongliang Expressway Shenxin Section and other projects officially started construction。December fifth，G4218 Yaye Expressway Lhasa-Xigaze Airport Section New Project Puba Tunnel Left Tunnel Completed，It marks the completion of the main body of the La-Ri Expressway Project.。In addition，The construction of Beijing section of Jingxiong Expressway has entered the final sprint stage.，Expected to be completed within this year，At that time, Jingxiong Expressway will run through the whole line.，One hour between the two places.。

Look at the airport，Recently，Wuhan Tianhe AirportT2 The reconstruction project of the terminal building has passed the acceptance of the industry，Lhasa Gongga AirportT1. The main structure of the terminal building is capped.，Xining Caojiabao Airport is newly builtT3. The main body of the terminal is closed.。In addition，The foundation laying ceremony of the third phase reconstruction and expansion project of Hainan Sanya Phoenix International Airport was held recently in Sanya.，Qionghai Boao Airport Phase III Expansion Project started on the same day，It marks a new stage in the construction of Hainan Free Trade Port Transport Airport Group.。

Data from the Ministry of Transport，1- October ，China has invested more than 3 trillion yuan in transportation fixed assets.，Year-on-year growth of 4.3%。

Industry insiders believe that，At present, all localities are speeding up the expansion of effective investment in transportation.，Set off an upsurge of project construction，It will lay the foundation for ensuring the completion of the annual investment target.，It also provides strong support for promoting the overall improvement of economic operation.。

Water Conservancy Construction in Winter Raises an Upsurge

Right now，All parts of the country are seizing the golden period of water conservancy construction.，Set off an upsurge of winter water conservancy construction。

Emergency Flood Control Project of Zhuozhou Section of North Juma River in Zhuozhou City, Hebei Province（Section from Beitan Village to Xiaoying Hengdi）Construction site，Engineering vehicle、Excavators shuttle back and forth，The workers are working in an orderly manner on all working surfaces.。The total investment of the project is about 10.300 million yuan，It's Haihe River this year“23·7”After the occurrence of basin-wide catastrophic flood，The first construction in Hebei Province“Make up for shortcomings”Major water conservancy projects。

While stepping up the construction of water conservancy projects，A number of water conservancy projects have also been accelerated.。November thirtieth，Construction of the Second River Junction Section of the Second Phase of the Huaihe River Waterway Project。November twenty ninth，Zhejiang Province Expands Hangzhou-Jiaxing-Huzhou Nanpai Follow-up Western Corridor（ West line ）Construction of the project started。The estimated total investment of the project is 4.5 billion yuan.，It is one of the major water conservancy projects promoted by the Ministry of Water Resources in 2023.……

Recently，Secretary of the Party Group of the Ministry of Water Resources、The minister presided over the ministerial affairs meeting Li Guoying.。The meeting emphasized，Promote the construction of major water conservancy projects，Actively create conditions to start a number of major water conservancy projects。Before，Chen Min, vice minister of water resources, said.，It will ensure that the annual investment in water conservancy construction will exceed last year's level.；At the same time，Plan ahead for next year's water infrastructure construction，Effective promotion of quality and rational growth of quantity contribute more to the economy.。

“Water conservancy plays a significant role in stabilizing investment and expanding domestic demand。”Guosheng Securities analyst He Yaxuan said.，The central government issued trillions of additional treasury bonds in the fourth quarter.，Its investment focuses on water conservancy related fields.，Water conservancy investment is expected to accelerate in the fourth quarter and next year.。Dongguan Securities Research Report said.，With the issuance of trillions of treasury bonds，Water conservancy infrastructure is expected to usher in a boom cycle，Accelerate the formation of physical workload of capital construction next year。

Multi-fund efforts

Capital is also being invested in infrastructure.“Escort”。

Special debt，Cinda Securities data show that，First 11 months，New special bonds for project construction have been issued with a 36651 of billion yuan.。The Ministry of Finance said recently，According to the deployment of the State Council and relevant work arrangements，Part of the new local government debt quota for 2024 will be issued in advance.，Reasonable guarantee of local financing needs。“It is estimated that the amount of new special debt for project construction next year will be 3.8 trillion yuan to 4 trillion yuan，The use of funds will further improve quality and efficiency，The pace of bond issuance will continue to advance and be faster than this year.。”Xie Yunliang, chief macro analyst at Cinda Securities, said.。

Trillions of national debt is speeding up landing。Recently，National Development and Reform Commission、The Ministry of Finance and other relevant departments held a mobilization and deployment meeting for the implementation of the project of issuing additional treasury bonds.，Arrange the work related to the start of national debt，Project declaration、The audit is advancing rapidly.。Institutional statistics，Trillions of treasury bonds issued“Progress bar”70 has been completed%-80%。

Guoxin Securities researcher Ren He thinks.，At present, the pressure of economic growth is still great.，The Necessity of Fiscal Power Continues to Rise，Trillion treasury bonds and special bonds approved in advance will bring incremental funds for infrastructure construction at the end of the year.，The recovery of infrastructure investment throughout the year can be expected.，Infrastructure boom is expected to improve significantly in the first quarter of 2024。

“Looking forward to the end of the year and the first half of next year，Steady growth policy will continue，The growth rate of infrastructure investment may pick up in December this year or early next year.。”Long Tianguang, a construction industry analyst at Galaxy Securities, said.。