It was recently learned from the Department of Transport of Guangxi Zhuang Autonomous Region that by the end of August 31, Guangxi has already gained 9.767 billion yuan of vehicle purchase tax subsidies from the central government in 2020 to support the construction of transportation projects. It is estimated that it will gain over 10 billion yuan of subsidies in this year, and will drive more than 30 billion yuan of bank loans and social capital.
It was understood that the department took striving for vehicle purchase tax subsidies from the central government as the most important task, and strengthened the interaction with national departments such as the Ministry of Transport. It included a batch of major projects into the national plan successfully, and started a batch of major projects. At present, 144 projects have been listed into the major project library for mid-term planning and adjustment in the "13th Five-Year Plan" of the Ministry of Transport. As for the next step, the Department of Transport of Guangxi Zhuang Autonomous Region, together with other departments, will push forward the construction progress of the project of vehicle purchase tax subsidies from the central government, and complete the annual target of 140 billion yuan of transportation investment.