Chapter 418: The World Bank
After Shi Liang announced the end of the meeting, he left with a heavy heart, but Chu Tianxiong asked Duan Zetao about the situation after taking office in the Department of Transportation, and left in a hurry after a few words of encouragement.
The presidents of those banks realized that the young man sitting in the corner was actually the newly appointed director of the Department of Communications, and looked at Duan Zetao a few times in surprise, but at this time, they had no intention of greeting Duan Zetao politely, and they all left one after another.
Back in the office, Duan Zetao was still immersed in thinking about the issue of construction funds and loans for the Department of Communications, judging from today's meeting, it is impossible to obtain large loans from these major commercial banks in Jiangnan Province, and it is necessary to open up other financing channels, but the funding gap of the Department of Communications is not a small amount, as high as tens of billions, and even Shi Liang, secretary of the provincial party committee, is at a loss, and Duan Zetao is also difficult for money for the first time.
Where does all this money come from? Duan Zetao didn't have a clue for a while, he picked up the information sent by Gao Aiguo and looked at it, and suddenly he was attracted by a line of words in the information, "Since 1997, the first Shilu Bank loan expressway project in our province has been completed and opened to traffic, the total mileage of highway construction in our province has reached more than 6,000 kilometers, and the expressway network covering the whole province has initially formed a ......."
World Bank! Duan Zetao had a flash of inspiration in his mind, and he slapped the table excitedly and stood up, yes, since domestic commercial banks are difficult to borrow, why don't you want to find a way to borrow from the World World Bank, you must know that the World Bank (WBG) is known as the three most important pillars of the international economic system together with the International Monetary Fund (IMF) and the World Trade Organization (WTO), and it is absolutely wealthy!
Moreover, the main object of help of the World Bank is the developing countries, Huaxia is also a member of the International Monetary Fund, and is also one of the important shareholders of the World Monetary Fund, which fully meets the loan conditions of the World Bank, and the loan interest rate of the World Bank is also relatively favorable.
The more Duan Zetao thought about it, the more excited he became, and immediately brought Wang Siqiang to discuss, but Wang Siqiang poured a scoop of cold water on Duan Zetao head-on.
"Zetao, your idea is not that it is not feasible, if the World Lujie Bank is really willing to lend us a loan, it will naturally be fine, but you find that no, except for the first expressway project in Jiangnan Province, which is the Shilujie Bank loan project, we have never received a loan ......from the Shilu World Bank in the future", Wang Siqiang shook his head and smiled bitterly.
Duan Zetao raised his eyebrows and said suspiciously: "Yes, I also feel strange, the loan interest rate of the World Continent Bank is more favorable than the loan interest rate of the domestic bank, why don't you choose to continue to borrow from the World Continent Bank......
"There are many reasons for this, first of all, the focus of the Bank's loan projects has changed, from the previous focus on supporting infrastructure projects such as transportation in developing countries, to gradually shifting ...... to environmental protection, agriculture, water purification, education and other fields."
"Second, the World Lujie Bank has put forward certain requirements to the borrower countries, especially in terms of reducing corruption or establishing **, and the new leadership of the Shilu Jieban is biased against Huaxia, believing that Huaxia has not done a good enough job in reducing corruption or establishing **, and the Jiangnan Provincial Transportation System has just broken out into a corruption case that shocked the whole country, and it is even more difficult to obtain a loan from the Shilujie Bank......
"Third, the audit and supervision of the loan project are very strict and standardized, requiring strict implementation in accordance with the FIDIC terms, and the loan procedures are also cumbersome and strict, which makes it difficult for the domestic project builders to adapt, and with the increase of domestic financing channels, they have slowly given up the loan to the World Bank...... Because of the above reasons, there are fewer and fewer highway projects loaned by the World Bank ......," Wang Siqiang patiently analyzed.
(Note: FIDIC is the French abbreviation of the International Federation of Consulting Engineers, FIDIC clauses refer to the civil construction project management specifications and contract terms formulated by the International Federation of Consulting Engineers, which are recognized by the world as fair, just and standardized contract clauses, and have been widely recognized and widely adopted by relevant United Nations organizations, international financial organizations such as the World Bank and ADB, as well as many countries.) Duan Zetao frowned, waved his hand vigorously and said: "As long as there is a glimmer of hope, we have to strive for it, it is a good thing to require strict specifications, we just use foreign project standard management experience to make our highway construction management gradually standardized, this matter is up to me to figure out, in addition, you can help me think about whether there are other financing channels, such as BOT ......."
(Note: BOT (build-operate-transfer) refers to the government granting private enterprises (including foreign enterprises) a franchise for a certain period of time through a contract to allow them to finance the construction and operation of specific public infrastructure, and allow them to repay loans by charging fees to users or selling products, recovering investment and earning profits; At the end of the concession period, the infrastructure is handed over to the government free of charge. Wang Siqiang shook his head and said: "The BOT construction model was very popular in the early years, but there were many problems in the actual operation, first of all, most of the funds for the BOT project actually came from bank loans, but the risk was transferred from the government to the private, and many of them were simply empty gloves white wolves, and the rupture of the capital chain was more serious......."
"In addition, because BOT projects are private investment and private management, they pursue the maximization of profits, and the quality control of the project is often much looser than that of national construction projects, and most of the giants who can get the right to build the project are people with big backgrounds, and it is difficult for the supervision of government functional departments to be in place, resulting in many hidden dangers......."
"And only in the future, the traffic flow is large, the benefits of the project, will be willing to invest, and the financing pressure of these projects is often not large, before some people said, our Department of Transportation is to give meat to others, their own gnawed bones...... So in recent years, there have been fewer and fewer BOT construction projects in Jiangnan Province, and there are only four BOT highway projects currently under construction in Jiangnan Province, and as far as I know, the shortage of construction funds in them is more serious than that of national construction projects......".
Duan Zetao nodded, and said in a deep voice: "Any kind of new thing has advantages and disadvantages, especially in the case that our system is not sound and imperfect, it is understandable that there is a situation of mud and sand, but we can't choke on food, BOT model has quite successful cases in foreign countries, as long as we strictly control when choosing investors, and strictly supervise in the construction process, I believe that the BOT model will play an important role in the transportation construction of Jiangnan Province!" ……”。