Abstract:This paper summarizes the achievements of diverting Yangtze River water in Liaocheng, analyzes the factorsaffecting the benefit utilization of the supporting projects of South-to-North Water Diversion Project from aspects such asthe relatively high price of diverted Yangtze River water, the safe operation of reservoirs, and insufficient water supplyguarantee rate. Based on the problems,it puts forward suggestions including water price reform, strengthening reservoiroperation management, and improving water supply guarantee rate, so as to provide a reference for the beneflits of thesupporting prjects of South-to-North Water Diversion Project.