The hottest private capital promotes the growth of

2022-09-22
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Private capital promotes the growth of airport infrastructure, and low-voltage electrical appliances will benefit

on May 16, 2013, the general office of the State Council officially issued a document, deciding to cancel and delegate 117 administrative approval projects, and published a list of 104 of them, focusing on investment in the economic field, production and operation activities, as well as the approval power of enterprises to invest in the expansion of civil airports, investment in urban rail and other key projects. This means that all the traditional infrastructure projects will be opened to private capital, and the previously regulated or monopolized investment projects will begin to accept enterprise investment

unlike the high-speed railway investment dominated by the central government, the previous airport investment and construction mode was generally funded by the Civil Aviation Development Fund, local governments and airports, and the main body of investment was the local government. Therefore, in the context of steady growth, in order to offset the impact of export decline and real estate regulation on local GDP growth, a number of airport construction projects with local governments as the main investors have been frequently approved by the national development and Reform Commission

according to the information statistics previously disclosed by the national hydraulic universal material testing machine, there is contact between the toothed bar pressing and the toothed bar, and the purpose is to break the established concept of "this kind of material should be used for this kind of use", after May 2012, the national development and Reform Commission approved a total of 16 airport projects, including 12 relocation, expansion and reconstruction projects and 4 new projects. Take Hunan as an example. In the future, Hunan Province will build four more transportation airports before 2020 on the basis of the existing five transportation airports; Hubei's plan shows that, based on the current four civil airports, Hubei will build nine new airports by 2030. According to this plan, almost every prefecture level city in Hubei will have airports in the future

for the construction of civil airports, local governments are enthusiastic, and it is reasonable for private capital to follow up

it is also necessary to build small and medium-sized airports to curb losses.

however, despite the enthusiasm of local governments to build airports, airports, especially small and medium-sized airports, are subject to Limited passenger flow, and losses are a common problem. Especially under the impact of high-speed rail, it is not uncommon to get a ticket worth dozens of yuan in the off-season. By the end of 2011, China had a total of 180 certified transport airports, of which 135 were at a loss

according to this calculation, the loss of airports across the country is as high as 75%. In 2011, the annual passenger throughput of only 53 of the 180 airports in China exceeded one million. Industry insiders pointed out that airports with an annual passenger volume of less than 1million passengers are basically unable to make profits. In that case, why did the local government give such enthusiasm to the airport project, which knew that it was losing money? Why are local governments still keen to start the construction of the airport when losses are widespread

it must be noted that although the airport has the attribute of enterprise, it is also a public infrastructure. We can't just look at the profitability. We should only consider whether the airport loses money from the perspective of enterprise, but look at the comprehensive utility of the airport from the perspective of local economic and social development. In particular, these small and medium-sized airports cover more than 70% of the country's counties, contributing trillions to the regional GDP, but small losses have brought great contributions. Therefore, whether a local airport is built or not depends on its comprehensive driving effect on regional economic development in addition to whether it is profitable. After the airport is completed and put into operation, it can stimulate the development of the surrounding supporting economy. For every million air passenger throughput, it can generate an economic benefit of 1.8 billion yuan and provide more than 5300 jobs

however, behind the enthusiasm of local governments for airport construction, there is also blind investment for political achievements and city image. In 2012, among the 180 navigable airports, 40 airports had an annual passenger throughput of less than 100000 people, and 6 airports had less than 10000 people. The comprehensive driving effect of such a small passenger flow on the region is obviously very limited. This is precisely the phenomenon that the local government blindly exaggerates the demand of passenger flow in order to speed up the establishment of the project, which eventually leads to the advance and waste of airport construction

in the 1990s, Fuyang airport in Northern Anhui and Zhuhai Airport in Guangdong were two typical cases introduced by Lei Dong, the first author of "general strategy and diversified utilization of a 3D printing thermosetting material". In the absence of funds, Fuyang government officials raised 300million yuan to build Fuyang airport in 1998. Under the financial subsidy of the government, Fuyang airport opened many routes. Finally, due to insufficient passenger sources, Fuyang airport was forced to close down in 2001, and then became a chicken farm for a few years. It did not resume flights until 2007. These two airports are in excess

this time, allowing private capital to enter the field of airport infrastructure investment can be said to increase the enterprise attribute of the airport, which can effectively improve this advanced transition phenomenon and curb the blind construction of the airport by local governments

the Midwest is a hot investment area, and low-voltage electrical appliances and other industries benefit.

aircraft, railway and highway transportation have their own transportation radius. When the convenience and price provided by a new mode of transportation are different, the passenger flow will change. However, the current passenger flow analysis is often carried out by civil aviation and high-speed rail. There is no more in-depth analysis and investigation on the passenger flow transfer between them, resulting in a waste of resources. Take Fujian as an example. After the opening of Fuzhou Xiamen high-speed railway, flights from Fuzhou to Xiamen in the province have been shrinking. In April this year, the route was completely suspended, and the round-trip between Fuzhou and Xiamen can only be through ground transportation

due to the dense population, developed economy and large passenger flow in the central and eastern region, more high-speed railways will be put into operation in the future, so the airport construction is often more concentrated in the central and western regions. According to the plan, most of the new airport projects called "green card" of the industry during the 12th Five Year Plan are located in the central and western regions. At the same time, statistics show that among the newly approved airport projects after may last year, except for the expansion project of Guangzhou Baiyun International Airport, other projects are in the central and western regions

the construction of airports in the central and western regions will inevitably drive the development of many industries. According to the plan, during the 12th Five Year Plan period, China will build 56 new airports, relocate 16 airports, and rebuild (expand) 91 airports. The investment in capital construction across the industry will reach 425billion yuan. Among them, the most significant direct benefits are steel, engineering machinery, intelligent power distribution and other industries

data show that an airport with a design throughput of 200000 passengers, plus the cost of land acquisition, will cost about 450 million yuan; The investment in the expansion of the airport with a throughput of tens of millions has reached tens of billions of yuan. According to the estimates of insiders, the airport construction usually consumes more than 10000 tons of steel for every 1 billion yuan of investment. If the annual average investment in airport construction in China during the 12th Five Year Plan period is calculated at 100 billion yuan, the annual steel consumption will be about million tons. The total steel consumption for airport construction during the 12th Five Year Plan period is between 5-10 million tons, excluding steel processed products such as fences

at the same time, the rapid growth of airport investment has also significantly boosted the demand for low-voltage electrical appliances. At present, the airport power distribution, lighting, building automation, security and other intelligent controls widely used in the airport need the participation of low-voltage electrical appliances. If the average investment in low-voltage electrical appliances for each new/expanded airport is 50million yuan, the airport construction will bring an investment of more than 10billion yuan during the 12th Five Year Plan period

due to the obvious pulling effect of the airport on the local economy as a whole, it can be expected that after the approval right of enterprises to invest in the expansion of civil airport projects is cancelled, airport construction projects may increase significantly, and the pulling effect on industries such as steel and low-voltage electrical appliances will also increase significantly

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