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A new chapter in China's water conservancy projects: investment of 620.4 billion yuan reached a record high

author:A small talk

New project start, major water conservancy project construction, Dateng Gap Water Conservancy Hub: Interpreting a new chapter in China's water conservancy

In China, water is known as the source of life, while water conservancy projects are regarded as the backbone of the country. In 2023, China's water conservancy industry ushered in a new climax, with new projects being started, one of which is the Datenxia Water Conservancy Hub. The construction of this project represents the ambition of China's water conservancy projects, which not only injects new vitality into the national water network, but also provides a strong impetus for China's economic growth. Let's dive deeper and take a look at this exciting new chapter

A new chapter in China's water conservancy projects: investment of 620.4 billion yuan reached a record high

Exciting project completed

The Dateng Gorge Water Conservancy Hub, located in the Qianjiang River section of Guiping City, Guangxi Province, began construction in 2014 and lasted nine years with a total investment of more than 35.7 billion yuan. However, it is not only the scale and investment of the project that is remarkable, but also its speed and achievement. On September 2, with the last unit officially put into operation, this ambitious project was completed four months ahead of schedule, and all units were officially put into operation. This marks that the Datenxia Water Conservancy Hub has become a dazzling pearl of China's water conservancy projects.

As an important backbone project of the national water network, Datenxia Water Conservancy Hub has multiple comprehensive benefits. In terms of flood control, it has jointly dispatched with the reservoir group of the river basin to raise the flood control standard for key flood protection targets in the Pearl River Delta from once in 50 years to once in 100 to 200 years. In terms of shipping, the navigation of the Qianjiang River has been increased from 300 tons to 3,000 tons, opening up the key nodes of the golden waterway of the Pearl River. In terms of power generation, the total installed capacity is 1.6 million kilowatts, and the designed annual power generation is 6.055 billion kWh, which has become the main power station of Guangxi Power Grid. These achievements have not only improved the allocation of local water resources, but also increased the efficiency of irrigation and power generation, making the Datenxia Water Conservancy Hub a bright example of water conservancy projects in China.

A new chapter in China's water conservancy projects: investment of 620.4 billion yuan reached a record high

The national water conservancy project is booming

In addition to the Dateng Gorge water conservancy hub, in the first seven months of this year, 26 major water conservancy projects were started nationwide, with a cumulative investment of 620.4 billion yuan in water conservancy construction, a significant increase over the same period last year. This shows the vigorous development momentum of China's water conservancy project construction. These projects cover flood control, shipping, power generation, water resource allocation, irrigation and other fields, providing strong support for the management and utilization of water resources throughout the country.

The third quarter is coming, and relevant departments are also actively preparing for the war, planning to win local government special bonds with greater efforts, and promote the feasibility study and approval of major water conservancy projects to be started in the third quarter to accelerate the progress of project construction. This positive trend not only has a positive impact on China's water conservancy projects, but also injects new vitality into the development of the entire country.

A new chapter in China's water conservancy projects: investment of 620.4 billion yuan reached a record high

The significance of the Yellow River Guxian Water Conservancy Project

Among the many water conservancy projects, the Yellow River Guxian Water Conservancy Hub Project has attracted much attention. The project was recently approved by an EIA, laying an important foundation for early commencement of construction. After the completion of the Yellow River Guxian Water Conservancy Hub Project, it will effectively solve the outstanding problems in the Yellow River Basin, such as the imperfect flood control engineering system, insufficient follow-up power for water and sand transfer in Xiaolangdi Reservoir, and insufficient capacity for overall planning and allocation of water resources. This plays an irreplaceable role in ensuring the stability of the embankment in the lower reaches of the Yellow River, the unelevation of the riverbed, the continuous unblocking of the river channel, and the maintenance of the healthy ecology of the Yellow River.

A new chapter in China's water conservancy projects: investment of 620.4 billion yuan reached a record high

Economic impetus for water conservancy projects

Water conservancy projects are not only "breakwaters" for improving the national water network, but also powerful "accelerators" for economic growth. According to data from the Ministry of Water Resources, every 100 billion yuan invested in water conservancy projects can drive GDP growth by 0.15 percentage points. This means that water conservancy projects not only improve the management and utilization of water resources, but also contribute a huge impetus to China's economic development.

Last year, China's water conservancy construction investment exceeded the trillion yuan mark for the first time, and this year's water conservancy project construction investment has further accelerated, and the country completed 620.4 billion yuan of water conservancy construction investment from January to July, a significant increase over the same period last year. This figure not only reflects the vigorous development of water conservancy projects, but also provides solid support for China's economic growth.

A new chapter in China's water conservancy projects: investment of 620.4 billion yuan reached a record high

The challenge of overcoming financing challenges

However, despite the huge potential of water conservancy projects, they still face the problem of financing difficulties in actual construction. Water conservancy projects, especially major water conservancy projects, have the characteristics of large investment scale, long construction period and high technical requirements. At the same time, because water supply is a public good, prices are usually low, which weakens the profitability of water conservancy projects and makes social capital reluctant to enter. In order to solve this problem, relevant departments have issued policies such as the Guiding Opinions on Promoting the Development of the Public-Private Partnership (PPP) Model for Water Conservancy Infrastructure, encouraging private capital to actively participate in the construction of water conservancy projects.

A new chapter in China's water conservancy projects: investment of 620.4 billion yuan reached a record high

Future controversies and challenges

While water conservancy projects are booming, some potential problems and challenges must also be addressed. On the one hand, the construction of water conservancy projects requires a lot of resources and funds, which may have a certain impact on the environment and ecosystems, and it is necessary to protect the ecological balance during the construction process. On the other hand, how to better attract social capital to participate in the construction of water conservancy projects is still a problem worthy of in-depth consideration. The balance between government and market will be a point of contention in the future.

In short, China's water conservancy project construction is ushering in a new period of development, and the completion of the Datenxia water conservancy hub marks great progress in China's water conservancy industry. However, a number of challenges still need to be overcome to ensure the sustainable development and maximum economic benefits of water projects. In the future development, the government and the market will continue to cooperate to find the best development path to achieve a win-win situation in the construction of water conservancy projects. This topic will continue to spark controversy and discussion as water is crucial to China's future. What do you think about this, welcome to leave a message in the comment area to discuss.

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