6 Improving the Mechanism for Stable Growth of Water Conservancy Investment

The Ministry of Water Resources strengthened financial support by issuing the Opinion on Special Bridge Loans in Support of Major Water Conservancy Projects Construction with the Agriculture Development Bank of China,in a bid to offer financial support for local water projects.The Agriculture Development Bank of China issued the Notice on Adjusting the Length of Maturity for Medium and Large Water Conservation Construction Loans to Beef up Credit Support,extending the length of maturity of medium and long term loans for medium and large water projects by the central and local governments to a maximum of 20 years,and to 25 years under special circumstances.The Ministry of Water Resources encouraged the participation of social capital by joining hands with the National Development and Reform Commission and the Ministry of Finance in issuing the Opinion on Encouraging and Guiding Social Capital to Participate in the Construction and Operation of Major Water Conservancy Projects.12 national-level pilot projects were selected,including the Mangshan Reservoir in Hunan Province and Zhoushan water diversion project in Zhejiang Province,to encourage the participation of social capital in various forms.

Wuyang Lake Water Conservancy Scenic Spot,Shandong Province