Smash 9.5.2 billion、Debt for 20 years，Gansu Yuzhong Cultural 188bet mobile Project，Where is the problem？

Recent，CCTV’s “Focus Interview” exposed an area of ​​more than 200 acres in Yuzhong County, Gansu、Total investment 9.5.2 billion，Comprehensive citizen park cultural 188bet mobile project including venue construction and road supporting facilities。

Rendering of 188bet mobile Civic Center Source: Internet

As a national-level poverty-stricken county，188bet mobile through borrowing，20 years of debt to raise funds for construction，I would rather not carry out the people’s livelihood resettlement 188bet mobile，Also do“Face 188bet mobile”。Based on understanding，This project adopts a common model used in infrastructure construction and large-scale cultural 188bet mobile project investment in many places over the past many years“PPP”(Government and social capital cooperation model)。By the Gansu Yuzhong Government in 2016，Through public procurement，Jointly established the Yuzhong County Citizen Park project company with social capital party Gansu Fourth Construction Group Co., Ltd. and Yuzhong Construction Investment, a platform company affiliated to the Yuzhong government。

The "PPP" co-construction model adopts the method of full payment by the government，188bet mobile Government needs to pay fees to the social capital party (Gansu Fourth Construction Group) in the next 20 years。Based on payment plan provided by local government，First year of operation，188bet mobile Government needs to pay more than 50 million yuan，Increased year by year since then，The fee will reach 1 per year in the later period.800 million，The total payment fees reached 2.1 billion.

Not only 188bet mobile’s financial situation is tight，The entire Gansu Province is not rich either。Based on 2022 data，The total debt of 188bet mobile 6,087.500 million，And GDP is 11,201.600 million，Debt ratio as high as 54.3%，Ranked 4th nationwide。However，Gansu Province’s fiscal revenue in the same year was only 907.600 million。In this case，Even if it doesn’t cost a penny，It will also take more than seven years to completely pay off the debt。

Provincial debt situation in 2022 Source: Internet

For this 188bet mobile，I think there are three problems: first，Unclear positioning。Whether it’s a park、The venue is still a beautiful road，Who does it serve?？Considering that Yuzhong County has only a permanent population of 470,000，Even though it is close to Lanzhou，Such a 188bet mobile is difficult to establish。This is a typical hardware facility rich，Item with insufficient content。

The second question isInvestment accounting does not consider operational difficulty and pressure.In this 188bet mobile，Not fully considering the role of operations，Despite millions in annual operating expenses，But the construction cost alone has exceeded 900 million。Less possibility due to operational recovery，The investment return model of this 188bet mobile cannot be supported。

The third problem is that the degree of homogeneity of projects is too high。Considering that Lanzhou already has city parks and exhibition halls，Whether it’s for locals or tourists，The projects lack unique differentiating features，Difficulty attracting target groups。

actually，This type of 188bet mobile is not unique across the country，I have seen similar situations in many places。If it is out of actual need，Pursue grand scale and luxury，Local 188bet mobile construction may become a mere face-saving 188bet mobile，Lack of substantive significance and long-term development plan。