Analysis Of The Investment And Financing Modes Of Port Construction In Hebei Province

With the development of economic globalization, trade are happening around the globe increasingly frequently and port has become the channel of international sea and land transportation and the carrier of production and consumption, and developed market system. As the transport hinge, port is playing a crucial role for the national and regional development. The construction of port affects its operation efficiency and competition, and whether the infrastructure is good or not is closely tied with the investment and financing mode of port. Therefore, designing and choosing the suitable investment and financing mode have a positive effect on the development. In recent years, areas around Bo Sea have been in the economic spotlight and Hebei province has stepped up efforts in the port development. The issue of investment and financing has become the restriction of sustainable development of coastal ports in Hebei province. Therefore, it is very important for Hebei province to work out one mode that suits the construction of its ports.A recapitulation about the related concepts, economic features and basal theories on port investment and financing served as a foundation. Firstly, this paper gives a description of the conditions of construction and operation of ports in Hebei province, then depicts the current investment and financing mode and talks about its limits. Secondly, this paper analyses the investment and financing modes of ports in other province or overseas, and get some enlightenment for ports in Hebei province. Based on game theory, this paper analyses the win-win profit distribution pattern brought by the cooperation between government and enterprises, and reaches a conclusion that the collaboration of public sector and market is necessary. Then based on the analysis about the uniqueness of ports in Hebei province and the detailed classification of infrastructure, this paper reconstructs the investment and financing modes and elaborates the frondose manner for government and enterprises to participate. At last, this paper analyses the risks of investment and financing of ports in Hebei province, from perspectives of systematical and non-systematical risks, and gives corresponding prevention measures.