Measures issued to spur more new projects in Optics Valley
A raft of new measures to reduce the time limit for approvals of investment projects and other initiatives were recently introduced, to spur more new projects in the East Lake High-tech Development Zone -- also known as Optics Valley of China -- located in Wuhan, capital of Central China's Hubei province.
Officials said the measures also aimed at optimizing the approval process, improving the efficiency of assessments and approvals and accelerating the construction of new projects.
According to zone officials, the new measures cover the entire process of establishing investment projects.
They include acquiring land planning permission, construction project planning permission, construction permits, completion acceptances and public service matters such as water and electricity.
Officials said the zone was maximizing the utilization of internet to help assist businesses with online consultations, project applications and in handling documentation.
Now, in terms of project approvals, all projects are allowed to apply for land use and planning procedures at the same time.
During the tendering process, projects can start their investigations and put together bids based on the existing urban construction plan.
This allows the EPC project bidding to kick off, even when the preliminary design approval is incomplete -- allowing bidding to take place when the qualified certificate of construction drawing review has not yet been issued.
With regards to the process of handling various approval items, the time limit for approvals has been further reduced and the total time for enterprises to prepare materials and secure department approval has been shortened.
In the project start-up phase, the zone has launched a new approval mode that allows companies to start construction after obtaining land use permits. Construction site planning permits, building construction permits and construction work permits will be issued simultaneously for pilot industrial projects.
Officials said the zone plans to make full use of the time between signing investment agreements and signing land transfer contracts, to urge businesses to complete technical documents such as planning schemes and construction drawings in advance.
In the case of meeting technical requirements, certificates or permits can be issued in advance to ensure a speedy start-up procedure.
In the project acceptance process, the zone plans to complete six special acceptance areas -- including planning, construction and fire safety controls -- within 11 working days. For surveying work for project acceptances, a new fast track mode has also been introduced to shorten the surveys and mapping time at the acceptance stage and to reduce company costs.
At the same time, in order to strengthen its supervision, officials said Optics Valley is making every effort to construct an efficient credit information system and to implement management services that simplify approvals, while emphasizing supervision and urging enterprises to fulfill their undertakings.