Zhao Chengfeng of the National Development and Reform Commission: This year, the ultra-long term special national bonds will continue to support the construction and renovation projects of urban underground pipeline facilities.

On May 20th, Zhao Chengfeng, the person in charge of the Fixed Asset Investment Department of the National Development and Reform Commission, stated at a press conference held by the State Council Information Office that in the funding arrangement for the issuance of ultra-long-term special national bonds for the "Two Promotions" construction, support will continue to be provided for the construction and renovation of urban underground pipeline facilities. Local government special bonds will be utilized effectively to continue supporting urban renewal projects that meet the criteria. The new mechanism of government and social capital cooperation will be fully utilized, with the role of real estate investment trusts in the infrastructure field being emphasized.