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[Policy Information] Implementation Opinions on Supporting Private Enterprises to Participate in the Construction and Development of Transportation Infrastructure
Release time:2021-01-09

Development and Reform Foundation (2020) No. 1008

All provinces, autonomous regions, municipalities directly under the Central Government and cities under separate state planning, Xinjiang Production and Construction Corps Development and Reform Commission, Finance Department (Bureau), Housing and Urban-Rural Development Department (Bureau, Committee), Transportation Department (Bureau, Committee), Market Supervision Bureau, Banking and Insurance Regulatory Commission Bureau, Securities Regulatory Bureau, Shanghai Headquarters of the People’s Bank of China, various branches, business management departments, provincial capital (capital) city central sub-branches, sub-provincial city central sub-branches, energy regulatory agencies dispatched by the National Energy Administration, regional railway regulatory bureaus, and civil aviation All regional administrations, all railway bureau group companies:

In order to implement the spirit of the "Opinions of the Central Committee of the Communist Party of China and the State Council on Creating a Better Development Environment to Support the Reform and Development of Private Enterprises" (Zhongfa [2019] No. 49), to further stimulate the vitality and creativity of private enterprises, and to accelerate the high-quality development of transportation infrastructure, The following implementation opinions are hereby provided for supporting private enterprises to participate in the development of transportation infrastructure:


1. General requirements

Guided by Xi Jinping’s Thought on Socialism with Chinese Characteristics for a New Era, fully implement the spirit of the 19th National Congress of the Communist Party of China and the Second, Third and Fourth Plenary Sessions of the 19th Central Committee, and thoroughly study and implement the spirit of General Secretary Xi Jinping’s important speech at the private enterprise symposium. Coordinate epidemic prevention and control and economic and social development, adhere to the general keynote of seeking progress while maintaining stability, adhere to the new development concept, adhere to the supply-side structural reform as the main line, adhere to all types of investment entities, and follow the economic attributes and development laws of transportation infrastructure , Focus on key areas, optimize the market environment, strengthen element support, encourage reform and innovation, reduce the burden on enterprises, and effectively solve the pain points and difficulties of private enterprises participating in the development of transportation infrastructure construction and development, build a reasonable profit participation mechanism for private enterprises, and give full play to private enterprises. The role of enterprises is to improve the quality and efficiency of transportation infrastructure development, and provide strong support for high-quality economic and social development.


2. Break down market access barriers and maintain fair competition order

Reasonable establishment of qualification conditions, no restrictive thresholds for private enterprises to participate in the construction and operation of transportation infrastructure in any form, no restrictions on private enterprises from participating in project bidding on the grounds that the construction company must establish a subsidiary in the place of construction, and no obvious mention in the bidding documents Qualifications, performance, awards and other requirements that exceed project characteristics and actual needs. Based on the principle of equal treatment of all types of market players, we will comprehensively clean up the existing qualification restrictions in the field of transportation infrastructure, and propose treatment measures by category. On the premise of not affecting the integrity and unification of the railway network, it is studied to separate some sections or parts of the project for bidding and form a separate project company. (The National Development and Reform Commission, the Ministry of Transport, the State Administration of Market Supervision, the Civil Aviation Administration, the Railway Administration, and the China Railway Group are responsible for the division of labor, and the relevant departments of the local people's governments at various levels, the civil aviation regional administrations, and the railway regional regulatory bureaus are responsible)


3. Innovate and improve systems and mechanisms, and create a good policy environment

Accelerate the research, formulation and improvement of rules and systems in railway industry dispatching, toll pricing, and financial settlement that conform to market principles. Improve the negotiation and scheduling mechanism among transportation enterprises, and negotiate and handle related affairs on an equal footing. Improve the industry liquidation platform, formulate open, transparent, fair and reasonable railway transportation revenue liquidation rules, improve the liquidation fee standard system, ensure equal access and fair competition of various entities, mobilize the enthusiasm of enterprises to participate in construction and investment, and effectively protect the legitimate rights and interests of investors. Standardize the technical standards and procedures for road network connection. The fair allocation of air traffic rights and time and other resources must not provide differentiated supply of routes, time, jet fuel, aviation materials, pilots, and airports due to the nature of the company. Promote the new model of integrated development of stations and cities, focus on multi-level rail transit connecting hubs, take the development of the hubs above and below ground and surrounding areas as a whole, build a new construction and development system of "one subject", and establish fair and reasonable interests of various development subjects The allocation mechanism, risk sharing mechanism and negotiation mechanism shall encourage private enterprises to participate in the comprehensive development of urban renewal and new hub areas relying on existing hubs through sole proprietorship and equity cooperation. (The National Development and Reform Commission, the Ministry of Transport, the Ministry of Housing and Urban-Rural Development, the Civil Aviation Administration, the Railway Administration, and the China Railway Group are responsible for the division of labor. The relevant departments of the local people's governments at all levels, the civil aviation administrations, and the railway supervision bureaus are responsible)


4. Shaping a new business model and expanding the field of business participation

Support and encourage private enterprises to participate in the construction of major railway projects, as well as the operation and development of railway passenger and freight stations, mobile Internet services, express logistics and other business operations, promote the investment and financing reform of railway stations and cities, and plan and construct urban commercial integration with railway stations as the carrier according to local conditions To build a road-rail, iron-water combined transport center. Support private enterprises to participate in the construction of airports, general airports, and helicopter take-off and landing points with freight functions as the main function, obtain domestic and international air rights for air freight, deep integration with upstream and downstream industrial chains, and accelerate the construction of international logistics supply chain systems; participate in airport services Construction and operation of supporting facilities, comprehensive development of resources around the airport, such as properties, commerce, and advertising. Research and support private enterprises engaged in air cargo to expand the scale of introducing cargo aircraft. Encourage private enterprises with professional experience to participate in the business activities of expressway service areas. Broaden the channels for social capital to participate in the construction and operation of urban parking facilities, accelerate the exploration of the PPP model that the government invests in public resource property rights and social capital to jointly develop, build a government-guided and market-led urban smart parking development model, and support and encourage private enterprises to promote 5G and the Internet of Things , Internet and other intelligent technologies are deeply integrated with the construction, management and operation of parking facilities. Improve government procurement policies and encourage private enterprises to provide services such as congestion management and transportation big data platform construction. Guide, encourage and support private enterprises to participate in the development of green transportation such as green maintenance, green driving training, green logistics, green highways, and green shipping. (The National Development and Reform Commission, the Ministry of Transport, the Ministry of Housing and Urban-Rural Development, the Civil Aviation Administration, the Railway Administration, and the China Railway Group are responsible for the division of labor. The relevant departments of the local people's governments at all levels, the civil aviation administrations, and the railway supervision bureaus are responsible)


5. Reduce the actual burden of the enterprise and guarantee the legal income of the enterprise

Optimize the business environment and treat all types of ownership entities equally with preferential tax and fee policies. It is not allowed to charge unreasonable traffic infrastructure construction loan commitment fees, fund management fees, etc. from private enterprises. Implement ledger management for government departments and state-owned enterprises in arrears with private enterprises, clear them within a time limit, and give priority to cash payments for receivables. If cash payments are temporarily unable to be paid, commercial drafts should be used to pay or confirm the rights of accounts. Facilitate the financing of small and medium-sized enterprises and effectively eliminate new arrears. For the transportation infrastructure that has been handed over for acceptance and put into operation, in principle, the completion acceptance shall not be carried out within one year after the acceptance conditions are met; the final payment and deposit of the project can be supervised by third-party financial institutions to ensure that the contracting company has the capacity Under the premise, the third-party financial institution shall pay the contracting enterprise in advance in accordance with the owner’s instructions. (The Ministry of Finance, the National Development and Reform Commission, the Ministry of Transport, the Ministry of Housing and Urban-Rural Development, the People's Bank of China, the China Banking Regulatory Commission, and the State Administration for Market Supervision shall be responsible for division of labor, and relevant departments of local people's governments at various levels shall be responsible).


6. Strengthen the support of resource elements and solve the practical difficulties of the enterprise

Public welfare transportation infrastructure projects invested and constructed by private enterprises enjoy the same investment support policies as other market entities. Support private enterprises to participate in transportation infrastructure PPP projects in a standardized manner, and the China Government-Enterprise Cooperation Investment Fund will provide financing support for eligible projects. For private enterprises investing in the construction of railways, the external power supply and power projects of the railways invested and constructed by the power grid enterprises shall be approved in accordance with the relevant prescribed procedures. The relevant construction costs shall be included in the provincial power grid transmission and distribution costs and recovered through the provincial power grid transmission and distribution prices. Attract more private enterprises to participate in the financing of transportation infrastructure project share reform and listing. Support qualified private enterprises in the transportation sector to list on the Science and Technology Innovation Board. Support qualified railway enterprises to implement debt-to-equity swaps or asset-to-equity reforms for listing financing. Guide financial institutions to combine their functional positioning and provide credit support for private enterprises to participate in transportation infrastructure projects in accordance with market principles. (The People's Bank of China, the China Securities Regulatory Commission, the Ministry of Finance, the National Development and Reform Commission, and the Energy Administration are responsible for the division of labor. The relevant departments of the local people's governments at all levels and the National Energy Administration are responsible for each energy regulatory agency)


7. Unblock information acquisition channels and strengthen effective communication

Establish a communication and consultation mechanism for private enterprises to participate in the construction and development of transportation infrastructure, strengthen the follow-up service for the whole process of demonstration projects, organize regular coordination and promotion meetings, schedule progress, and coordinate to solve difficult problems. Systematically sort out transportation infrastructure projects, form a project library that encourages private enterprises to invest in construction, and regularly publicize them to the public. Give full play to the role of industry associations in the transportation sector, guide private enterprises to participate in standard formulation and technical research, encourage associations to flexibly take various forms to regularly listen to the opinions and suggestions of private enterprises in this field, and submit them to relevant departments for research and settlement. (The National Development and Reform Commission, the Ministry of Transport, the Civil Aviation Administration, the Railway Administration, and the China Railway Group are responsible for the division of labor, and the relevant departments of the local people's governments at all levels, the civil aviation administrations, and the railway regulatory bureaus are responsible)


8. Effectively change ideas and strengthen publicity and promotion evaluation

Further change ideological concepts, improve ideological understanding, adhere to the "two unshakable", have a deep understanding of the importance of developing private economy, and have a deep understanding of private enterprises in innovating transportation infrastructure development systems and mechanisms, and improving transportation infrastructure construction and operation efficiency. It plays an important role in carefully listening to the opinions of private enterprises in the process of formulating and implementing major strategies, major plans, and major policies, promoting private companies to continuously improve the quality of corporate development, operating in compliance with laws and regulations, and actively participating in the construction and development of transportation infrastructure. It is necessary to coordinate the promotion of the prevention and control of the new crown pneumonia epidemic situation and the resumption of work and production of enterprises in different regions, levels and categories, to ensure the normal operation of projects under construction and the start of new projects on schedule. It is necessary to organize and implement the existing policies and measures to support the development of private enterprises, timely sort out and summarize the good experiences and good practices that support private enterprises to participate in the development of transportation infrastructure, actively explore and summarize typical cases, and actively conduct on-site experience exchange meetings. Promote advanced experience. (All departments and localities are responsible)


National Development and Reform Commission

Ministry of Finance

Ministry of Housing and Urban-Rural Development

transportation Department

The People's Bank

General Administration of Market Supervision

China Banking Regulatory Commission

Securities Regulatory Commission

Energy Board

Railway Bureau

Civil Aviation Administration

China National Railway Group Co., Ltd.

June 28, 2020

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