sbdcsierra Chapter 469 Qi Tongwei Gets a Regular Position
Chapter 469 Qi Tongwei Gets a Regular Position
Qi Tongwei also made arrangements for the funding of the Dongding Westward Relocation Project and convened a related meeting.
Although the county government allocated 14 billion yuan to this project, the total amount, including the garment company's own funds, was 14.5 billion yuan.
It seems like a lot, but it's still far from enough. The 15 billion investment I previously thought would be insufficient for the headquarters.
Because clothing companies don't have much land or much capital.
Producing 30 spindles of compact spinning plus a supporting 10-ton polyester melt direct spinning plant requires finding a new location to build a factory, which is equivalent to starting from scratch.
Xichun Group is not currently able to support the clothing company, so it must make good use of the 14 billion yuan allocated by the county finance.
Moreover, the relocation of the Dongding to the west is a key national project and must be done well.
Otherwise, I would betray the trust of my superiors and Leader Zhou, and it would affect my future career advancement.
Solution:
The remaining 1 billion yuan shortfall will be covered by a three-pronged approach: government subsidies, special bank loans, and social capital. The specific steps are as follows:
1. First, use the national subsidy for reducing ingot production as a seed.
According to the national policy of relocating ingots from the east to the west, for every 1 ingots reduced, a government subsidy of 300 million yuan and an interest-subsidized loan of 200 million yuan will be provided. For 30 ingots, this would be sufficient.
国家财政补贴：0.9亿元， 地方配套补贴：0.9亿元（省里出1/3，县出2/3，县实际只需掏0.6亿元），贴息专项贷款：0.6亿元。
The total amount of 2.4 million yuan can be immediately used to offset the down payment for equipment purchases.
2. Leverage government credit to secure policy-based loans
Using 14.5 billion yuan of county government funds as capital, the county applied for a special loan from the China Development Bank for the relocation of textile mills from the east to the west. The China Development Bank can lend up to 60% of the total investment for textile relocation projects in central and western China, with a term of 8 years, a grace period of 3 years, and an interest rate that is 10% lower than the benchmark rate.
The total investment is approximately 36 billion yuan (14.5 billion yuan ÷ 40%). An additional 21 billion yuan of policy-based funds can be loaned out, which is sufficient to cover the remaining investment in factory buildings, public works, steam, sewage treatment, and thermal power.
3. The factory buildings, thermal power plants, and wastewater treatment facilities will be constructed under a government-built-by-enterprise (BT) model.
The government initially provides funding (from 14.5 billion yuan in capital) to build the factory, thermal power plant, and sewage treatment plant. After three years, the company will repurchase the facilities annually using the local share of value-added tax. This approach reduces the initial pressure on the company while ensuring the government's funds can be used on a rolling basis.
4. Turning land into capital
In the first phase of the park, 3000 mu of land will be acquired by the state, of which 850 mu will be allocated to the textile project. The remaining 2150 mu will be transferred in advance with a land price of 8 yuan/mu x 30% deposit, which will be used to raise 0.5 million yuan in cash at one time for site leveling and pipeline construction.
5. Save another 2 million yuan through interest subsidies and fee reductions: The province and city will exempt the Dongding Westward Relocation Project from urban construction supporting fees and power capacity expansion fees, which will save a total of 1 million yuan;
According to policy, tariffs on imported polyester chip equipment can be reduced by 40%, saving garment companies an additional 1 million yuan. These companies can then directly invest the saved money in equipment installation.
通过补贴2.4亿+开行贷款21亿+土地预收0.5亿+减免2亿，合计25.9亿元。
With the addition of 14.5 billion yuan from the county finance, the total fund pool reached 40.4 billion yuan.
This fully covers the investment needs of 26.5 billion yuan for 30 spindles and 10 tons of polyester, leaving a buffer of 13.9 billion yuan.
It can be used to make up for equipment price increases, exchange rate fluctuations, or double the production capacity.
In this way, we won't need to increase investment again to double production capacity next year.
As for the land, we will use the land from the second phase of the industrial park.
In this way, the industrial park can be built in two phases.
However, we need to expedite the approval of the second phase.
"Tianjin, we've found a solution for the funding issue; the rest is up to you."
To ensure this project is completed on schedule and to allow for future expansion, we will double our workload next year.
After the meeting, in his office, Qi Tongwei gave instructions to Chu Tianjin.
After all, with the goal of reaching 10 billion yuan next year, the East-to-West relocation project will double its workload, resulting in a doubling of GDP and tax revenue.
"County Chief, rest assured, I will definitely do a good job in the relocation project from Dongding to Xiding!"
We will not let you down!
Chu Tianjin said earnestly.
This is the largest project in Xichun County.
He definitely needs to do well; this is his ticket to becoming a member of the county party committee standing committee in the future.
He needs to strive to join the county committee leadership team by the end of the year so that his future advancement can be faster.
Afterwards, Liao Changyong convened a Standing Committee meeting, which reviewed and approved five projects: the highway project, the industrial park project, the water supply project, the power project, and the relocation of the Dongding to the west.
Qi Tongwei renamed the waterworks to a water company to facilitate the construction of a new waterworks later.
According to the plan, a second waterworks will be built in the Shan'an Industrial Park to supply water to the industrial park and Shan'an Town.
A new waterworks will also be built in the county seat to meet the county seat's future water needs.
Of the remaining 2.5 million yuan, Qi Tongwei decided to allocate 1 million yuan to various townships to help them carry out enterprise reforms.
The problems facing these businesses cannot be left unresolved indefinitely; resolving them sooner will allow them to regain their vitality and drive the development of the township economy.
Xichun County now needs to achieve comprehensive development and overall GDP growth.
However, this means that Xichun County may face enormous financial pressure in the future.
Highway projects, industrial park projects, water supply projects, and power projects require some reserve funds.
Especially for industrial park projects, the subsequent construction of the industrial park will require a lot of funds, so it is important to avoid funding problems.
However, this requires preparing around 15 billion.
With so much money, Qi Tongwei didn't know how to solve the problem in a short time.
Moreover, the construction of the county town is estimated to be limited to a small scale.
Qi Tongwei convened another meeting to discuss the reform of township and village enterprises.
Then it was discussed at the Standing Committee meeting, with Chu Tianjin and Miao Changfeng in charge.
Then, Qi Tongwei convened a meeting with the top two leaders of each township and the deputy township heads in charge of industry and commerce, and announced the enterprise reform in all 19 townships of the county.
After the meeting, the Finance Bureau allocated 500 million yuan to each township for enterprise reform.
In the following days, all the deputy county heads of the county government got busy running around to the city and province to handle the relevant procedures.
Qi Tongwei was preparing the county government work report, as the People's Congress meeting was about to convene and he would be going on stage to deliver the report.
This will determine whether he can be officially promoted and have the word "agent" removed.
Although Qi Tongwei felt that there should be no problem with his official appointment, after all, Xichun County had undergone tremendous development and changes since he came.
But I still need to prepare the county government work report carefully.
A few days later, the county people's congress convened a meeting as scheduled, and Qi Tongwei took the stage to give a detailed report on the work of the county government.
Then, the county's people's representatives voted, and Qi Tongwei was unanimously elected as the county head.