Research Of PPP Financing Mode Of Hangzhou Urban Rail Transit Project

Since the reform and opening up, China’s economy has gradually stepped into the fast track of economic development, which also promotes the process of urbanization in our country. However, due to the process of urbanization, the problems are also significantly increased. In this regard, each city is trying to improve the internal environment of the city, Hangzhou is also true. However, due to the huge consumption of rail transportation in the construction process, the traditional government investment model has been unable to fully meet the development of urban rail transit, we must take more effective measures to achieve financing from a wider range, in order to solve the rail transportation construction costs and a series of issues. In the construction of urban rail transit, the introduction and promotion of PPP investment and financing mode, the wide range of social investors, and its market oriented model to operate, not only can effectively reduce the government in urban rail transit construction of fiscal expenditure, ease the government’s financial pressure, but also under the market conditions, can make the effect of urban rail construction more significant, so as to improve the utilization of funds in a more efficient way.Today, the construction of the Hangzhou Metro Line 1 has started to use PPP mode, but this model is still in the initial stage of practical application, the specific application mode is clearly not mature enough. Therefore, it is necessary to analyze and discuss the PPP investment and financing mode of Hangzhou urban rail transit.This paper on the basis of a large number of domestic and foreign literature reading, starts from the basic theory of urban rail transit PPP financing model, combined with the economic characteristics of urban rail transit projects and investment and financing characteristics, and puts forward the suitable for China’s PPP of two operating modes. Followed by the combination of the specific case of Beijing, Shenzhen, London, the Netherlands and other domestic and international cities to carry on the analysis to the application of PPP mode, and application of the PPP mode of Hangzhou Metro Line 1 were focused on analysis, and summarizes the case of PPP financing mode in the experience and Enlightenment of Hangzhou city urban rail transit construction PPP financing is used.Finally in Hangzhou Metro Line 5 as an example, on the 5th line in the implementation of the key issues in the process of PPP financing were to investigate and research, on the necessity and feasibility of the project, the implementation of the principle and the basic structure, formation of the concessionaire and specific application and so on several aspects put forward reasonable suggestions, to Hangzhou in the future continue to use PPP financing model track traffic construction to provide some useful reference.