NDRC's Zhao Chengfeng: 2025 Central Budget Investment Plan for Urban Renewal Projects to Be Unveiled by Month-End

Published: May 20, 2025 10:53

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[Zhao Chengfeng from NDRC: The 2025 Central Budget Investment Plan for Urban Renewal Projects to Be Released by Month-End]
Zhao Chengfeng, head of the Fixed Asset Investment Department of the National Development and Reform Commission (NDRC), stated at a press conference held by the State Council Information Office that the NDRC will continue to advance various urban renewal initiatives and increase central investment support. This year, a dedicated central budget investment has been established for urban renewal projects to support the construction of public welfare infrastructure and public service facilities related to urban renewal. In addition to supporting projects such as the renovation of old urban residential communities and urban villages, the scope of support has been expanded to include projects for the transformation and upgrading of dilapidated urban housing, old neighborhoods, and old factory districts. Currently, the NDRC is organizing plan submissions and project evaluations, and will release the 2025 Central Budget Investment Plan for Urban Renewal Projects by month-end this year.

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