Financing Research On Terminal Construction Project Of Tianjin Binhai International Airport

Since the founding of the People’s Republic of China,China’s civil aviation industry took off accompanied by the republic’s sunrise,experienced from weak to strong,from the weak become strong extraordinary development.In order to adapt to the rapid development of China’s civil aviation industry,the airport industry has also made many beneficial explorations and accelerated the pace of infrastructure construction.The national "One Belt And One Road" and "Beijing-Tianjin-Hebei integration" strategies have brought historic development opportunities to Tianjin,which is developing towards the direction of international transportation hub.With the completion and operation of Beijing’s new airport in 2019,China will build a comprehensive hub airport cluster based on the Beijing-Tianjin-Hebei civil aviation,so as to respond to market competition with cluster advantages and serve the integrated development of East Asia and even "One Belt And One Road".In order to adapt to the national strategy,Tianjin Airport builds terminal 3 in accordance with the times,but it is confronted with such problems as blocked inside financing,single financing channels and huge funding gap.Firstly,by analyzing and comparing the financing modes of large-scale airport construction at home and abroad,and combining with the economic characteristics of airports and their influences on airport financing,this paper summarizes the characteristics and general modes of domestic airport financing.Then,this paper introduces the development and financial status of Tianjin Binhai International Airport,and analyzes the necessity,financing status and financing difficulties of the terminal construction project.Finally based on the financing difficulties of Tianjin Airport,this paper puts forward the solutions of diversified financing and reasonable suggestions to reduce the risk of financing,including actively exploring new financing way,attracting private capital into the civil airport construction,trying the PPP,BOT,bank factoring,making good use of international platform.On the premise of ensure public interests,reduce the risk of financing,revitalize the enterprise assets,and solve the problem of airport construction project financing.Financing is an important aspect and content of the construction project.It is of great significance to do a good job in financing for the construction of Tianjin Binhai International Airport terminal.Through the research on the financing scheme of the construction project of Tianjin airport terminal,this paper hopes that it can not only solve the difficulties of one airport,but also provide new ideas for the financing of large and medium-sized airport projects of the same level,and change the previous high dependence on national investment.The mode of investment is to try to solve the problem of project financing by new means such as public-private joint venture and attracting foreign investment.