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China's to speed up construction project approvals - Housing ministry

Infra News - Published on Wed, 20 Mar 2019

Image Source: Reuters
Reuters citing, the housing ministry, saying that China by mid-year will slash the time needed to obtain approvals for construction projects. In some parts of China, the process now can take more than 1,000 days. It can be reduced to within 120 days.

Vice Minister Huang Yan told reporters, as part of reforms, the housing ministry introduced a shortened approval window in 15 cities and the eastern province of Zhejiang in May 2018, cutting approval time to 120 days from an average of 200 days. The plan to roll out the shorter process nationwide has been approved by the State Council, or cabinet, and is expected to be announced soon.

Local, and sometimes national, approval is needed for projects from residential blocks to roads, bridges and parks.

Cutting red tape is in line with China’s intent to speed up infrastructure spending this year and have a construction boom as part of its efforts to lift domestic demand and economic growth, which has slowed.

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Posted By : Rabi Wangkhem on Wed, 20 Mar 2019
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