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Super long-term special government bonds have supported the renovation of 29,000 old residential elevators
2025-04-27 source:CCTV News

The renovation of elevators in old communities is an important livelihood project. The reporter recently learned from the Ministry of Housing and Urban-Rural Development that as of now, the ultra-long-term special treasury bonds have supported the renovation of 29,000 old residential elevators across the country.

The Ministry of Housing and Urban-Rural Development stated that as of the end of December 2024, a total of 33,000 (residential) elevators have been started in various places, of which 29,000 were supported through ultra-long-term special treasury bond funds, and the investment amount has been completed with 3.268 billion yuan.

In July 2024, the Ministry of Housing and Urban-Rural Development and other departments issued a notice, clearly including the renovation of old residential elevators in the scope of super-long-term special treasury bond support. The National Development and Reform Commission and the Ministry of Finance also jointly issued the "Several Measures on Strengthening Supporting Large-scale Equipment Updates and Consumer Products for Old Trade-In-Forwarding", which clearly stipulates that about 300 billion yuan of ultra-long-term special treasury bond funds will be allocated, and the support will be strengthened to support large-scale equipment updates and consumer products for Old Trade-In-Forwarding, and the scope of support will be expanded to areas such as old elevators. Subsequently, targeted measures were introduced in various places, pressing the "acceleration button" for the renewal of old elevators.

In Beijing, after the renovation of old residential elevators that have been used for more than 15 years is included in the scope of super-long-term special treasury bond fund support, each elevator can be subsidized by 150,000 yuan. In Zhejiang, a total of 8,894 old residential elevators in the province received 1.33 billion yuan in support of super-long-term special treasury bonds last year.

(CCTV reporter Yang Xiao and Xu Jing)

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