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Research On The Application Of PPP Model In China's Natural Gas Pipe Network Construction

Posted on:2017-09-23Degree:MasterType:Thesis
Country:ChinaCandidate:Q YinFull Text:PDF
GTID:2359330563950667Subject:Applied Economics
Abstract/Summary:PDF Full Text Request
As China's economic and social development,the whole society's environmental protection consciousness gradually strengthened,more and more attention to the development of clean energy.As a clean fossil energy,natural gas has become China's important choice to achieve sustainable development.Due to the basic characteristics of natural gas,pipeline transportation has the advantages of low cost,high efficiency,comparing with other means of transportation.But Chinese present gas transportation pipe network coverage is relatively low.The natural gas pipe network construction needs a big initial investment,and also has a long payback period.The government and state-owned oil companies cannot meet the capital requirements of the natural gas pipe network construction.Therefore,it's extremely significant for China to adopt the appropriate way to introduce private capital.This article deeply analyzes the PPP mode,and then dissects the financing status of Chinese natural gas pipe network construction from two aspects: participants and the financing pattern,it is concluded that Chinese natural gas pipe network construction financing faces three problems: a single investment subject,local government debt ratio is high,the financing way lack of flexibility.Then,this article analyzed the applicability of the PPP's application in natural gas pipe network construction from two aspects: theory and reality conditions.Using the PPP mode in Chinese natural gas pipe network construction can solve the encountered problems.Based on the above analysis,this paper builds the application mechanism of the PPP model in Chinese natural gas pipe network construction from two aspects: management system and operational mechanism.Finally,this article puts forward four safeguard measures: to regulate the selection mechanism of private investors,facilitate the construction of relevant legal system,clarify the government's role,and promote financial system reform and innovation.
Keywords/Search Tags:Natural gas, Pipeline construction, PPP, The government department, Private investors
PDF Full Text Request
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