Becoming a Russian Oligarch After Rebirth
Chapter 895 - 848: The Great Infrastructure Construction Plan_2

Chapter 895: Chapter 848: The Great Infrastructure Construction Plan_2

So he continued to speak,

"Therefore, we need to learn from the excellent experiences of other countries, absorb the lessons of failure, and summarize a set of economic promotion plans that suit our country’s actual situation.

Time waits for no one. Perhaps many people don’t feel it, but I believe that the next decade, starting now, will be the decade when our country’s economy begins to take off—and it will also be the most lenient and friendliest decade internationally!

If we can seize this opportunity, then our country will still be a world-class power, benefiting future generations.

If we fail to seize it, no need to say more, everyone present here, including myself, will be sinners of the nation!"

His words weighed heavy, and everyone in the Meeting Room felt a chill, subconsciously sitting up straight.

Taking a sip of water from his cup to moisten his throat, Wang Ye continued,

"My plan is as follows.

The government issues national debt, and the Central Bank issues currency to purchase it, which is essentially the nation borrowing money for development.

In my view, our country’s current level of debt is not high enough. We do not need to rush to repay the debt but should continue to expand the scale of the debt!

As long as our Total GDP growth rate exceeds the increase in debt interest each year, no risk will occur.

Therefore, the upper limit of the national debt we can issue at this stage is very high.

This solves the first issue, which is where the money will come from.

The second issue, where the money will go, is even more critical!

Just having money, without effective circulation, will not only fail to promote Economic Development but will just be a number, a debt burden, only generating the burden of interest!

Therefore, how to spend the money and where to spend it is extremely important!

I’ve heard a saying, ’If you want to get rich, build roads first.’

Though the words are simple, they contain profound economic knowledge.

Why build roads?

Actually, it’s just a metaphor, because roads connect different regions, facilitate people’s travel, and also improve the efficiency of goods circulation.

In the end, the real meaning of the saying is still circulation.

Following this line of thought, where we should spend the money becomes quite clear.

Therefore, my proposal is that, led by the Duma and the Kremlin and orchestrated by the Government, we embark on the era of The Great Infrastructure Construction Plan!"

Having said that, he gestured with his hand, and Assistant Nova, who was standing behind him, quickly got up and distributed the "Major Infrastructure Project Plan," which had been prepared in advance, to all the members present.

This document was the main event presented by Wang Ye after he took office as the new Chairman of the Economic Committee!

It was also what he intended to push through in the coming years.

This "Major Infrastructure Project Plan" mainly includes the following points:

One: Strengthen the construction of network-based infrastructure such as Transportation, energy, and water conservancy.

This is the top priority, including expressways, railways, electric grids, Oil and Gas Pipelines, and other projects crucial to the national economy and people’s livelihood.

It is also the main artery for future high-speed Economic Development!

Two: Enhance the infrastructure construction for upgrading industries such as information technology and logistics.

This point aims to fully utilize the abundance of high-quality Talents within the country and create excellent entrepreneurial and working opportunities for them.

Three: Strengthen urban infrastructure construction.

This point is proposed for major cities, with Wang Ye’s goal being to develop these large cities within Russia into the most suitable cities for living and working in all of Eastern Europe.

This will attract a large number of Talents and labor from neighboring countries to live and work here, creating a siphoning effect.

It will also conveniently address the issue of Russia’s sparse population...

To be frank, with so many countries and populations around, most of whom speak Russian, it would be a tremendous waste not to utilize them!

In the past, Russia was unable to provide enough job opportunities, and its Economic development was mediocre, so it couldn’t attract too many people from neighboring countries.

Yet even so, Moscow at that time was still the center of all of Eastern Europe!

Many people from neighboring countries took great pride in having the chance to study, work, and live in Moscow...

...

The idea to embark on The Great Infrastructure Construction Plan was not an impulse of Wang Ye’s, but rather one that he had been contemplating for a long time.

Ever since he joined the Economic Committee, even before he became chairman, Wang Ye had been pondering a question.

He had experienced the era of rapid economic growth that lasted for three decades in his "previous life," and so he had always had a doubt.

Why, despite Russia’s superior conditions, more abundant resources, higher overall educational quality of the population, and more advanced technology,

did it, twenty years later, lag far behind its neighboring countries in development...

Where exactly did the problem lie?

Or which path had been taken wrongly?

Through extensive studying, research, and communication with economists, Wang Ye gradually formed his own ideas.

This led to him formally presenting the "Major Infrastructure Project Plan" today!

Perhaps there are some details in the plan that are not perfect, but overall, for Russia at the present, the benefits far outweigh the drawbacks.

As long as it can be implemented, the effects will be immediately evident.

Of course, Wang Ye was only a "layman," and professional matters still required experts to handle.

But with his current position, he did not need to work in excessive detail, just to set the strategic direction, make adequate planning, and then let the corresponding departments refine and implement it!

The plan he presented today is a strategic guideline that points the way for Russia’s development over the next few years or even longer.

If everything goes smoothly, then it is no exaggeration to say, Russia would become the "United States" of Eastern Europe, attracting a large number of talents and labor from neighboring countries.

With a good economic environment and appropriate policies and regulations, it would make a leap in national power!

By joining hands with some friendly countries, Russia would be able to stand invincible when international situations become turbulent in the future...

...

After reading Wang Ye’s "Major Infrastructure Project Plan," the committee members were all sighing in admiration.

Some of them had only heard of Mikhail, the influential figure of the Duma, and the "legends" about him.

Not everyone was impressed by Mikhail’s achievements, though; some even thought they were simply due to his good background, luck, seizing the opportunity, and so on...

Not surprising, after all, Mikhail was just a youth in his twenties. Even if his achievements were dazzling, it was impossible to convince everyone.

But now, after Wang Ye’s lengthy talk and this plan, at least the committee members present were truly convinced.

Without a doubt, if The Great Infrastructure Construction Plan could be seriously implemented, not only would Russia’s economy soar, but its overall national strength would climb to another level!

Honestly, many committee members still did not quite understand the details of the plan...

But that did not prevent them from being convinced by Wang Ye now.

Because combined with Wang Ye’s recent explanation and the plan, a magnificent scene involuntarily emerged in their minds: Russia in five, ten years from now would be far wealthier and more vibrant than it is today, with people bustling and passionate, and immigrants or laborers from surrounding countries filled with hope...

Major cities would be dotted with new buildings, populations growing rapidly, and new high-tech companies emerging, with roads fresh and broad, expressways connecting the nation, and railways extending in all directions...

In short, it was a beautiful vision to contemplate!

"Director Mikhail, we all support you!"

"Yes indeed, it is time for a change, and if we sit in these seats, we must achieve something."

"This plan is too grand! I think we should bring in the heads of the government-related departments, and discuss it together. Of course, I am absolutely in favor of this plan."

...

Nobody opposed, or rather, everyone was so overwhelmed by Wang Ye’s ambition and the bright future he depicted that it was natural to unanimously approve.

Following that, Wang Ye’s "Major Infrastructure Project Plan" would begin to go through the procedures.

It would be submitted to the Duma Congress, and after a vote by all members, it would be forwarded to the Upper House and the Kremlin.

Once approved, it would involve bringing the government-related departments on board to study and implement the rollout of the plan...