Study On PPP Financing Mode Of Railway In China

With the rapid development of China's economy,railway transportation has become China's economic development constraints in China to determine the content of leap forward development of China Railway in the long-term railway network planning and planning in 11 th Five-Year however,with China's economic development level and speed compared to the modernization of the railway construction pace is slow to speed up the modernization of railway construction,railway,improve the comprehensive ability is the inevitable requirement is a pressing matter of the moment of China's rapid economic and social development.From the beginning of the national development of railway construction,will continue to increase its investment,reform of financing system in railway development,try to develop new ways of financing and financing channels,but a single investment and financing way backward,low degree of market problems has long been restricted the development of China's railway project.According to the "long-term railway network plan" requirements,rely on government led investment in a single model has been unable to meet the people's demand for railways,along with the gradual reform of the railway system,the financing system is also changing,the Ministry of Railways Railway Corporation Chinese cancel establishment,let more private private enterprises the enterprise can be put into the construction of the railway facilities in the past,in recent years,the emergence of a new financing model-PPP(Public-Private-Partnership)model,namely the public private partnership model.PPP has his inherent superiority,private capital and government departments together,both public and private complementary advantages,make up for the lack of financial resources,to solve the financial problems of railway projects,promote diversified financing,PPP mode is also very good to reduce the risk of railway construction,in the process of financing reasonable allocation the risk,reducing the risk of private capital into the private enterprise financing,increase confidence,control construction cost,improve the efficiency of the project.This paper is based on the basic theory of the PPP railway project,firstly expounds the background and significance of this study and the research status at home and abroad,and then introduces the basic theories and PPP financing,on the basis of this,with some existing domestic PPP project as an example,by combining theory and practice in the form of necessity and feasibility analysis of the implementation of financing PPP mode of railway project,and risk analysis of PPP project financing mode under the railway may face in a number of cases,and further proposes the optimization strategy of the risk from multiple levels of profitability,construction,operations,finance,credit etc.put forward the feasibility of the optimization strategy,points out that should improve the risk sharing mechanism,strengthen the construction of credit risk management,expand the channels,pay attention to financial management,operation management system adopt the scientific method,and proposed the establishment of project supervision Management system,emphasis on personnel training,construction of a perfect exit mechanism and other safeguards,trying to make a modest contribution to the healthy development of China's railway PPP project.