Study Of Urban Rail Transit Project Financing Model

As China's economic development and accelerated urbanization, transport infrastructure development lags behind China's urban development has become a major theme of the need on time, safe, fast way to travel to meet people's travel needs, urban rail transit carrying capacity, speed, time, safety, environmental protection, conservation of land resources, the advantages of big cities to solve the traffic problem has become an effective measure. Urban Rail Transit Project Zijin Shifenpangda required, if all rely on state investments, financial Xianranwufa burden; the other hand, operational efficiency as low Xuyaobutie large amounts of a heavy fiscal burden of government; Therefore, we need an effective financing model to solve Urban Rail Transit operating inefficiencies caused by the heavy burden of subsidies and government investment of limited funds for construction issues, the financing model of the importance of urban rail transit construction.In this paper, the relevant theoretical studies, according to Shenzhen, geographic conditions, economic conditions and policies, the actual financing environment and select the right financing model of Shenzhen Metro Line. Based on the investment and financing urban rail transit project studies the theory, then based on the Shenzhen location conditions, financing, environment, analysis of the actual situation, design the Shenzhen Metro Line 3 of several possible modes of financing, and then selected from the best financing model-PPP mode, the last on the financing of urban rail transit project proposals.This article is divided into six chapters, the first chapter, Introduction, on the background of this study, research objectives, research ideas, research methods, content and framework were introduced. Chapter 11, Literature Review, reviews the domestic and international rail transport infrastructure investment and financing related to theoretical research, well pave the way for the subsequent analysis. ChapterⅢ, urban rail transit project investment and financing of basic theory, the economic attributes of urban rail transit, urban rail transit investment and financing characteristics, investment and financing choices of the main factors, investment and financing mode selection principles were analyzed. Chapter IV, urban rail transit project financing mode more commonly, through TOT, BOT, ABS, PPP financing models such as the characteristics, operational procedures, structure, analysis of comparative advantage, etc., so we have several common financing model in this advantages and disadvantages of a more clear understanding. Chapter V, case studies-Shenzhen Metro Line financing model, this chapter focuses on the case of Shenzhen, geographic conditions, such as Shenzhen's population status, traffic conditions, location of Line 3, Line 3, the construction of meaning, and Shenzhen Metro Line 3 financing economic environment, policy environment, financial conditions, on the 3rd line of financing models to analyze the principle of selection and design of several on the 3rd line of financing options, and finally selected the best financing options PPP Financing. ChapterⅥ, the conclusions and recommendations of our rail transportation and other infrastructure projects put forward proposals that the PPP model is in line with our current reality of better financing model, should be vigorously promoted.Through analysis of this article, although PPP financing model in China is still just beginning, but with the PPP model used in China and gradually, as in January 2010, undertaken by the Beijing Urban Construction Design Research Institute's "Asian Development Bank, China Urban Rail transport public-private partnerships (PPP) Investment and Financing Seminar "in Beijing Representative Office Asian Development Bank's success in China,1 believe that is the PPP financing model for the current situation of China's rail transportation financing an ideal way of financing construction will be more and more towards the positive direction.