On The Mode Of BOT For The Infrastructure Construction Based On The New Urbanization In China

The third plenary session of18put forward to promote the coordinateddevelopment of towns and big and medium-sized cities. Promoting the newurbanization, is a major strategy of building a well-off under the era new condition andspeeding up socialist modernization construction. We should actively and steadilypromote the new urbanization, promote economic and social sustainable, healthy andrapid development, speed up the pace of modernization. So, the government has alwaysbeen the focus of urbanization construction. But in the process of urban infrastructure, aseries of problems, the low financing efficiency, the narrow financing channel andrecession financing function, which seriously affected the process of urbanization.Therefore, speeding up the urban infrastructure construction, choosing the rightinvestment and financing mode are imminent.At this stage, the limitations of current financing model expose gradually. BOTmodel put forward in this background and immediately, Inpromoting investment andeconomic development. But the BOT investment mode has a lot of uncontrollable risks.Based on the importance of BOT investment mode, and under the background of thenew urbanization to study, have important academic value theory and policy of thereference value.This text is divided into five chapters, the first chapter is preface, explains researchmotive and purpose, research contents and methods,research range and restriction herein,and so on.Chapter2studied development of infrastructure construction, the financing presentsituation and the existing problems in our country under the background of the newurbanization, using infrastructure investment data from1978to2012, and theproportion of GDP to illustrate China’s current situation of the infrastructureconstruction. We find that China’s investment in the infrastructure construction is notmuch, as a share of GDP and the proportion of the whole society fixed assets far haven’treached the international level, and the level of infrastructure construction lags behind.Secondly, using the linear regression model to analyze Chinese infrastructureconstruction funds, with the linear regression equation to calculate the2015-2020needsof urban infrastructure construction. The empirical results showing that the infrastructure construction has huge funding gap in our country and investment amountfar cannot meet the demand of financing, which are in short supply long-term, seriouslyrestrict the construction and development of new type of urbanization. Through thepreliminary study, the financing channels of our country’s infrastructure constructionhave an important influence on its growth，and analyzes the current financing channels.In the end, introduces the basic situation of BOT and the necessity and feasibility ofBOT in our country.The third chapter analyses the characteristics of the BOT mode in China, also theBOT mode in the development of infrastructure construction in our country. Second, theapplication of two BOT projects in China were analyzed, and the BOT mode in ourcountry various industries have been carried out successfully, and effective in theinfrastructure construction in China, showing great potential for development, hasobtained the good economic effect. Finally, through the contrastive analysis of the BOTmode and other financing mode, it is concludes that the BOT mode in the scope ofapplication, conditions, advantages and disadvantages, in the real application, shouldpay more attention to the actual project situation and economic environment accurately.The fourth chapter mainly analysis the BOT mode in the process of application ofrisk, and in Nanjing metro phase ii project BOT project and Guangxi visitor B BOTproject of power plant as an example, detailed introduces the method and process ofBOT project, and project risk in the operation process of the construction of Nanjingmetro phase ii project is due to BT project, the risk is relatively small; Chengduwaterworks BOT plant through risk who can control most Who will bear the way, notonly solved the infrastructure funding gap, also by Chinese and foreign share financingrisk reasonably, reduce the project risk, get a good return on investment.Chapter5of this article concludes policy recommendations. Based on the basis ofabove research, this part from five aspects to put forward suggestions for theconstruction of infrastructure BOT mode in our country, in order to make a certaincontribution for the subsequent research.This article innovation lies in the detailed analysis of the construction ofinfrastructure in China, and combining the econometric analysis model, from theperspective of empirical analysis the financing present situation as well as our countryinfrastructure construction financing problems in real. At the same time, using a caseanalyzes BOT project sharing risks, prove the feasibility to use the BOT mode in our infrastructural projects.Of course, since this relatively broad scope of the study, it is not possible for everydetail. In the case study, because of limited access to sources of information, so therewill be some errors. In addition, due to the availability of the selected sample of datasources, we can only choose some indicators as a representative, to be demonstrated inthe model, so it may be biased.