On October 8, a reporter from China News Service in Chengdu provided insights into the significant project advancement activities scheduled for the fourth quarter of 2024 in Sichuan Province. The report highlights that Sichuan is gearing up to launch 1,823 major projects this quarter, representing a remarkable total investment of 785.5 billion yuan (approximately 109.5 billion USD).
The projects span a variety of categories, including infrastructure, innovation, industrial development, and improvements in social services and public welfare. Notably, infrastructure projects make up the largest portion, with 601 initiatives amounting to an investment of 364.5 billion yuan—accounting for 46.4% of the total expenditure. Key projects in this category include the G0611 highway segment linking ChuanZhuSi and WenChuan, along with the development of a natural gas purification plant and an external transportation system in the Daqing Oilfield.
Innovation and industrial development initiatives stand out for their volume, encompassing 727 projects with an investment of 287.5 billion yuan, which translates to 36.6% of the total. Among these, significant projects feature the Dazhou Superconductive Carbon Black New Materials Industrial Park and the production of high-precision printed circuit boards in Mianyang.
Furthermore, there are 495 projects focused on enhancing social services and living standards, with a collective investment of 133.5 billion yuan, making up 17% of the overall investment. This group includes the first phase of the new campus for the First Affiliated Hospital of Chengdu Medical College and the Chengdu Cultural and Technological Arts City.
When examining the investment scale, it’s noteworthy that 159 projects are set to exceed 1 billion yuan in investments, totaling 504.6 billion yuan; 16 projects will each surpass 5 billion yuan, with a combined investment of 253.9 billion yuan; and 11 projects are expected to exceed 10 billion yuan, amounting to 221.2 billion yuan.
In terms of funding sources, 554 privately funded projects have been identified, totaling an investment of 256.1 billion yuan, which represents 32.6% of the overall investment. Notable examples include the Tianma Large Bearing High-Quality Intelligent Manufacturing Base and the second phase of the Delan Aerospace Industrial Park.
