Research On The Financing Scheme Of Urban Infrastructure

In recent years, with the overall national economic slowdown, industrial manufacturing has shrunk,foreign trade has dropped, and weak real estate,government investment has become the most important factor in stimulating economic growth. Government investment, especially the investment of local government, most of the funds are mainly from the local government revenue, but after deducting the expenditure of local government, the expenses that can be used for investment funds are very limited. In order to solve the huge demand for funds in urban public infrastructure construction, financing has become one of the important means for local government to raise funds. To alleviate the contradiction between the huge funds needed by local urban public infrastructure construction and the lack of available financial funds, the local government-backed investment units be set up,whose place as the municipal infrastructure project investment and financing subject,played a huge role in promoting local infrastructure construction.This thesis researches the financing scheme of urban infrastructure, which based on the local government-backed investment units whose purpose is to carry on the municipal construction. Firstly, it introduces how the local government-backed investment units came into being and its functions; study its financing means and recent conditions, including project loan, finance lease, Asset-backed Securities,bonds, private placement note, funds and Public-Private Partnership. Secondly, it takes the case of the CL road project, introduces the conditions of the project, and calculates the financing period, the amount of financing and so on, then puts forward risk control measures. On the premise of fully analyzing the actual situation of the project, the financing scheme and the transaction structure is designed for the project.Thirdly, combined with the mainstream financing methods of the platform company,we put forward several schemes for the CL road project, and compare it with the existing programs, and study how to select the appropriate financing methods. Finally,according to the current policy guidance, the future financing methods of the local government-backed investment units are discussed and predicted. It think out that the PPP is an important direction of government projects financing views of the future,and designed the project finance financing model which has better applicability and flexibly, and points out that the local government financing platform for the company future must be transformed and put forward some related suggestions.