Enterprise Functions of Chongqing Urban Construction Investment Company

The company still undertakes the functions of infrastructure construction, land reserve and road and bridge management in Chongqing. The company undertakes more municipal projects, and the company has more land reserves. The company's functional orientation is still: the general channel of investment and financing for urban construction in Chongqing, the general account of road and bridge construction in the main city, and the general land reserve required for urban construction financing. The company's infrastructure construction projects are mainly reflected in non-operating assets, while the related road and bridge fees and land reserve rectification income are turned over to the finance as administrative fees, and then injected into the company by Chongqing Finance in the form of financial allocation, which is reflected in the substantial increase of monetary funds and capital reserves, and does not directly increase the company's income and benefits. Road and bridge tolls in the main urban area of Chongqing are uniformly collected by the municipal finance as administrative fees, included in the special account of extra-budgetary funds of the municipal government, and fully allocated to the company's road and bridge construction charging account. The company will pay the funds needed for the construction of urban infrastructure and the maintenance and management of roads and bridges in the main city. All kinds of funds needed for urban construction projects under the jurisdiction of Chongqing Construction Committee are still invested and financed by the company. Since 2006, the company still has a number of urban construction projects, some of which have signed BT repurchase agreements with the government. The company has successively raised funds to build Egongyan Bridge on the Yangtze River through loans from banks and issuance of short-term and medium-term bonds. Chaotianmen Square, People's Square, Jiefang North Shopping Plaza, Zhenwushan Water Supply Pipeline, Shangqing Temple Interchange, binjiang road in Nan 'an District, binjiang road in Shapingba District and other municipal key projects. In 2008, the company undertook the construction of many roads and bridges in the main city of Chongqing, and completed the construction of roads and bridges of 2.38 billion yuan.