A Strategy Study Of The Implementation Of Liuzhou Municipal Company BT Model Projects

A long time, business and non-operating municipal infrastructure projects, as well as the construction and operation and maintenance, in our country are dominated by government investment, it takes the "National Development and Reform Commission project - down investment plans - Budget financing arrangements or liabilities, such as through a bank loan financing to raise funds for construction methods - the implementation of the project organizations - government departments to monitor - the project after completion of the transfer of the maintenance department, "the operating mechanism. But with the economic and social development, the Government's revenue and the management capacity of the municipal building more and more difficult to meet growing public demand, government funding and resources to face the total lack of ability, as well as municipal construction and social progress, urban the formation of the development needs of the larger gap. Can be seen, it is necessary to meet such huge demand, relying on government funds and government investment is very limited, at present, China's municipal infrastructure construction and development has become a constraint on economic and social development of the "bottleneck" that in the future, with the economic and social development , the transformation of the rural population to urban population, the demand on municipal infrastructure will become more and more large, which will continue to highlight the contradictions between supply and demand. At present, a large number of China's investment and financing of municipal infrastructure construction projects, the widespread lack of investment and financing investment and financing, as well as inefficient, ineffective supervision and so on. At present, apart from being taxation system and local economic development based on objective factors, the local government budget and the scale of borrowing are stringent requirements to limit its financial markets to raise the capacity of financial loans and equity perspective, investment large in scale, building long-term recovery of the characteristics of municipal infrastructure, local government regulation alone is unrealistic. Thus, local governments at the lack of long-term source of funds to meet the demand for infrastructure investment and financing, support and promote the economic and social development, had no choice but to carry out through the constant development of means of land to make up for the long-term source of funding the construction of infrastructure deficiencies, as a result of infrastructure investment financing channels for a single, non-standard way of investment and financing, investment and financing imprecise estimates, the lack of risk assessment and early warning mechanism, the Government can not guarantee the investment and financing projects carried out in an orderly and successful implementation of project delivery delays, budget overruns has become a phenomenon can not be avoided has been difficult to solve the chronic problem. On the other hand, with the improvement of the financial system and market-oriented reforms, more and more funds have been unable to find a suitable and secure distribution of funds, at the same time civil society and social investment and financing has been faced with the equity capital financing, debt financing dual financing difficulties. Can be seen in a large number of China's investment and financing of municipal infrastructure construction projects, the widespread lack of investment and financing, as well as the issue of inefficient investment and financing, new financing models need to happen. BT model of municipal construction to effectively solve the above difficulties, the construction of municipal infrastructure projects, with investment in large-scale construction of the recovery cycle length, one-time and fixed properties, while the BT infrastructure project investment and financing secured by the project outputs financing, with less amount of capital was much larger than capital loan. This method of financing the rapid growth of the economy, the lack of domestic capital and has many good prospects in terms of investment projects in developing countries, has important practical significance.In this paper, the current municipal construction financing and the lack of model building, the introduction of BT model, and municipal construction in Liuzhou as the research object, the concept of the BT model, resulting in the background, the main features, pattern classification, operational procedures, the use of conditions and the scope and other project financing model comparison, an example of the implementation of BT mode, the City government and the company projects the need for the introduction of BT model and the implementation of BT's strategy model carried out in-depth analysis and exploration.Through the City comprehensive survey of the situation on the ground the study found that Liuzhou municipal construction projects can be complete BT model, BT model projects and joint-type model, such as BT to implement the program for the three companies have chosen to municipal projects, in the way of project financing can be the use of the bank consortium loan, the bank consortium and the joint development, construction and engineering companies as well as the trust in three ways, etc., thereby expanding the financing channels, to reduce financing risks; Liuzhou BT projects to implement the following risk factors, the risk of investor funds for construction, force majeure risk, project risk of the external environment constraints, design risks, China Railway Construction Group's risk management capability, the progress of risk and financial risk, in view of these risks, we explore the actual Liuzhou fitting the whole process of the establishment of an all-round quality management system, key part of strengthening the quality of supervision, inspection and other organizations in accordance with the procedures of three quality management strategy; focus on cost control of change, professional engineering institutions and strengthening supervision and audit settlement fund management cost management strategies, such as digestion and to avoid risks, as well as risk management strategy .