Extraordinary Genius
Chapter 812 – Province is going all out
Longjiang Waterworks Department’s head, Yang Liwen, had been smiling since yesterday. There were rumors that he will be promoted after he had a meeting with the leader!
But no one had heard of any leaders in the provincial government will be transferring out. A leader will be transferred to the Central Government? All the people in the government were asking around. If any leaders were to move up, there would be a vacancy, and the leaders at every level will have a chance to move up too.
Today, Yang Liwen called for a meeting with middle management suddenly. This was a restructuring meeting. Everyone in the provincial government was shocked.
It is usual for the department to have a restructuring after Lunar New Year. But this is before Lunar New Year. Longjiang Province is still covered in snow. The Waterworks Department have a new project? Digging ice holes?
“I received a piece of good news during the meeting with the leaders yesterday. Our province will be upgrading all the dams. We are going to receive a significant amount of funds!”
Everyone at the meeting was excited. With sufficient funds, they can start a lot of projects, and their bonuses and welfare will increase. Of course, there were still unspoken benefits like the cities receiving the funding will have to give something in return.
You are not willing to return the favor? Fine. I will issue the fund to another city. Your city will be left out.
“You all are thrilled? But this also means that we will have lots of projects next year. We will be overwhelmed with work, and it will be tough. Now, there is a task for all of you. Notify all the waterworks department heads in the various cities to raise funds for waterworks. All the funds have to be credited into our Provincial Waterworks department’s account. After we had tabulated the account, we will double whatever they raise and return back to them!
Everyone at the meeting was confused. What does this mean? The Provincial Government is not going to issue funds? We still have to raise funds and transfer to the Provincial Government?
The Provincial Government will double and return the funds back to the cities? The amount of tax received by the Provincial Government is limited. What if a city manage to raise 100 million RMB of funds?
You dare to double it and issue back to them? The Provincial Government will kill you!
“What are you all keeping quiet? Old Liu, you are in-charge of Qi City. How many funds can you raise?” Yang Liwen starts to ask individually.
“Leader, what do you mean by this? Our department is not a powerful department. What if the cities’ leaders do not want to cooperate?”
“You don’t need to worry about this. All the cities had already received the notification from the province. They will cooperate with us. If any city government refuses to cooperate, let me know. I will speak to the Provincial Government leaders!” Yang Liwen firmly replied.
Yang Liwen was not the head of the traffic enforcement or finance department. Usually, those city mayors or their deputies do not care about him. You are not the one issuing funds to the cities, what’s there to talk?
But this time it is different. The Leader had promised him. If he could raise 1 billion RMB, the Provincial Government will top up the same amount, and the total will be 2 billion. The whole province’s waterworks will improve by leaps and bounds. This will be his credit.
Xu Changyou made this promise because the Provincial Government does not have enough funds. All their surplus had been invested into Beidacang Group, and the company still has not generated any returns yet. There might also be no profits in the coming year. If the Provincial Government were to invest a sum of money into the waterworks, there would delay in their other projects.
But now, Feng Yu is going to donate 1 for 1. If Xu Changyou still does not grab this opportunity, he will be an idiot! But the Provincial Government does not have money. He can only ask the cities to raise funds themselves.
Upgrading of the dams is a good project, and the leaders will be able to gain brownie points. When all the City Mayors heard about him, they start to think of ways to raise funds for the Waterworks Department.
After the funds were doubled and returned to them, they will take out the amount they put in. The remaining funds will be enough for them to build and repair the dams.
Feng Yu does not know about this. He is currently raising funds for the donations. Xu Changyou had agreed, and Feng Yu will not go back on his words.
Feng Yu managed to raise 500 million from his companies and felt it should be enough. He knew the Provincial Government does not have a lot of money. He estimates the province will be about to raise 300 million RMB at most, but he will still donate 500 million. He will donate another sum next year. This amount should be enough to strengthen the province’s waterworks.
The dams will not collapse during the floods in 1998, and the people will be able to keep their houses. Feng Yu will think of other solutions for the flooding of the fields. Maybe he can ask the farmers to switch to corn. This will be better than losing all of their harvests.
Today, Xu Changyou called Feng Yu personally to invite him over for a meeting. The Provincial Government had completed the budget for next year. They had set aside more budget for the waterworks.
“1 Billion RMB?! Leader, you are telling me that the Provincial Government had set aside 1 billion RMB budget for Waterworks?!” Feng Yu could not believe his ears. Where did the province get so much money? It’s 1 billion and not 10,000 RMB. How can they get so much?
Beidacang Group had been losing money. Although Longjiang Province had revived its industrial industry, not a lot of the taxes collected is handed over to the Provincial Government. The sub-provincial cities have high control over the collected taxes. Based on Feng Yu’s estimation, the province will not invest more than 100 million into waterworks.
After Feng Yu promised to donate to the waterworks, the provincial government will increase its budget. But it should be 200 to 300 million RMB at most. It will not be more than 500 million RMB. Where did this 1 billion come from?
Xu Changyou had raised slightly over 800 million from all the cities, and the Provincial Government topped up the rest to make it 1 billion!
Xu Changyou asked Zhang Ruiqiang how much money Feng Yu has. Zhang Ruiqiang only tells him that Feng Yu is the wealthiest person in China. Just his assets in Bing City is enough to make him one of the top tycoons in China. Moreover, Feng Yu still have investments in other provinces and overseas. He told Xu Changyou that Feng Yu’s total assets might be more than 10 billion RMB!
When Xu Changyou heard this, he was overjoyed. 10 billion RMB? How much is that? Longjiang province’s taxes are not even a fraction of it!
But Xu Changyou could not say anything. Feng Yu got his money from legitimate businesses, and he even donated lots of money to build school buildings in the province. His donations had helped the province save a lot on education.
After hearing Zhang Ruiqiang’s analysis, Xu Changyou decided. You say if the province is about to invest 1 billion RMB, you will donate the same amount? Now I have 1 billion. Let’s see what you are going to do!
Zhang Ruiqiang had said that Feng Yu had never go back on his words when it comes to donations. Xu Changyou will not let go of this opportunity.
If this goes according to plan, Xu Changyou’s retirement might be delayed. He will not miss this opportunity to get political credits. Even if his retirement is not delayed, the people in the province will benefit from it. Anyway, he is not going to pocket the money, and it’s the province that gains from it.
“Manager Feng, you are the one who told me that if the province can raise 1 billion, you will donate 1 billion. Now, the province is going to invest 1 billion into the waterworks.”
Xu Changyou looked at Feng Yu, smiling like a cunning fox……