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Ⅰ. Requirements on construction of large projects 1.Requirements on investment amount: Foreign-funded industrial projects should have an investment totaling 100 million USD or above or a registered capital of 30 million USD or above, while the total investment for domestically-funded projects should reach 800 million RMB yuan, among which the total investment of high-tech sector and world top 500 powers should reach 50 million USD or above while that of domestically-funded projects should reach 400 million RMB yuan, the total investment of foreign-funded projects involving operational services should reach 50 million USD or above while that of domestically-funded projects reach 400 million RMB yuan, and the total investment of foreign-funded projects involving agriculture including processing of farm produce should reach 10 million USD or above while that of domestically-funded ones reach 100 million yuan or above. 2.Requirements on investment orientation: The projects should be in conformity with state industrial policies, the overall plans for industrial development of local city, development program for riverside industrial belt and planning for building an ecological city, and feature high technological elements, better economic benefits and huge market development prospect, and bear the spinning-off effects to industrial restructuring and technical upgrading, and do good to making full use of resources and energy and lead to sustainable development. 3.Requirements on investment progress: In principle, starting from the registration the examination period for construction of industrial projects is 3 years while that for service section and agriculture sector is 2 years.
Ⅱ. Preferential policies for construction of large projects 1. Guarantee quotas of needed land for large projects: The land use plan for large projects should be submitted for approval to upper authorities jointly by relevant government functionaries, local governments of sub cities or Administrative Commission of Zhenjiang New Area where projects are to be located, and project sponsors. 30% out of the city’s annual quotas for land use will be preserved for prioritizing construction of large projects. The land supply involving trans-administrative districts will be coordinated by the city government. 2. Prioritize ensuring of power supply for construction and production of large projects: The power supply for large projects will be prioritized amidst the orderly power supply scheme. Large-scale investment projects will be informed of power limitation plan 3 days in advance. If large projects want to build double electric circuits, relevant formalities construction will be given priority to be handled, and the power subsidies of the second circuit will be levied preferentially, whose specific standards will be defined upon negotiation and coordination amongst local government authorities or Zhenjiang new Area Administrative Commission where projects are located, the Municipal Office on Major Projects, and power supply authorities. 3. Increase financial support on construction of large projects: Large projects will be kept amongst the annual plan for cooperation between banks and enterprises, and large projects meeting standards will gain loans from banking groups. When getting listed overseas to raise fund in building large projects, enterprises whose raised fund is below 15 million USD will gain a one-off bonus of 200,000 RMB yuan from the city government, while those with a raised fund of from 15 million to 30 million USD will get 300,000 RMB yuan, those with a raised fund of from 30 million to 50 million USD will get 400,000 RMB yuan, and those with a raised fund of above 50 million USD will gain 500,000 yuan. The same favors will be given to enterprises getting listed at home. Domestically-funded enterprises making use of loans from international financial institutions, loans from foreign governments, international commercial loans and international export credit to launch large projects will be awarded by local governments where the projects locate, and enterprises raising funds from other channels will be rewarded also based on the specific conditions. 4. Relevant city authorities should take active and initial measures to help enterprises of large projects to apply for the financial discounts and subsidies of the state and the province in encouraging such aspects as technical renovation and incubation and transferring of major technological achievements. The two-level financial departments of the city and sub cities and districts should take responsibility for timely implementation on local subsidies. 5. Strictly carry out tax collection policies and ensure implementation of various preferential measures: Timely and sufficiently handle export drawback and allow enterprises to speed up depreciation of fixed assets in accordance with No 113 Document issued by State Tax Administration. When large project enterprises involve deep processing and indirect exportation, special favors will be given in levying tax by the city government or project located governments. In principle, tax inspection will not be carried on large projects enterprises. 6. Regulate and give special favors to collecting charges on large projects: Extend the applicable scope of Notice on Giving Favors to Collecting Part of Institutional Fees on Foreign-funded Enterprises in Zhenjiang New Area(No 1 Document 2004 issued by Zhenjiang City Government) to all large project enterprises and other provincial level development zones. During construction of large projects, all administrative institutional charges will be collected according to relevant preferential policies, whose deducted or exempted parts will be postponed first, and when meeting the requirements of investment within a prescribed period will be deducted or exempted, or enterprises should make up the deficiency according to original standards.
Ⅲ. Encouragement policies on construction of large projects 1. Establish project recommendation award and project promotion award to award organizations and personnel who make contributions in recommending and building large projects. (1) Project Recommendation Award: According to the investment examination reports, 1% of the actually-funded foreign capital and 1% of the actually-funded private capital will be awarded to units and personnel who rendered contributing services in recommending and building large projects. (2) Project promotion Award: According to investment scale and actually achieved investment amount, personnel rendering great contributions in prompting large projects will be awarded a bonus of 200,000 yuan to 600,000 yuan, which may be cashed year by year within the evaluation period of project construction. 2. Personnel who have made extraordinary contributions in introducing and building large projects will be recommended as candidates of city-level model workers or honorary citizens. 3. The Zhenjiang Committee of the CPC and Zhenjiang City Government will set up a special award to encourage and reward large projects whose investment amount exceeds 300 million USD. Large projects whose investment amounts are above 300 million USD, 500 million USD and one billion USD, after being certified, and whose investments are actually funded and who have started construction, will gain the special awards of 500,000 to 600,000 yuan, 1 million yuan and 2 million yuan respectively. Projects exceeding the lowest limit of the proportion of registered capital and total investment, prescribed by the state, will be awarded again as one thinks fit. For details, please refer to such official documents issued by Zhenjiang City Authorities as Various Opinions on Quickening Promotion of Large Projects(Zhenjiang ［2005］Document No.1), Detailed Rules for the Implementation of Quickening Construction of Large Projects of Zhenjiang City(Zhenjiang 〔2005〕Document No.48), and Supplementary Explanations on Detailed Rules for the Implementation of Quickening Construction of Large Projects of Zhenjiang City(Zhenjiang 〔2007〕Document No.39).
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