Research On Investment And Financing Mode Of Rail Transit

To fundamentally solve the problem of urban transport,we must develop public transport,especially rail transit.In mainland China,many cities have entered the period of rapid development of rail transit.Rail transportation belongs to the infrastructure and public service areas,with public welfare.Traditionally,the government has adopted a model of investment,construction and operation.Rail transit investment and financing encountered a significant,typical financial problems and management issues.PPP attracts social capital to participate in the production and provision of public goods,to promote effective cooperation between government and social capital,give full play to their respective advantages in order to achieve the optimal allocation of resources and social welfare maximization.The introduction of PPP is expected to provide a comprehensive solution for rail transit investment and financing problems.This paper uses a combination of theory and practice research methods.On the one hand,the paper analyzes the economic characteristics of rail transit and the characteristics of investment and financing,paying special attention to the inherent relationship between the positive externalities of rail transit and its investment and financing losses in the traditional mode.The second is to elaborate the basic concept of PPP,Can optimize the rail transit investment and financing model.In practice,we study the investment and financing of rail transit in foreign and domestic cities,paying special attention to the successful use of PPP in Tokyo,Singapore and Hong Kong,Beijing and Shenzhen.The core viewpoints and conclusions of this paper are derived from Chapter 5 and Chapter 6.In the fifth chapter,the author compares the investment and financing modes of typical urban rail transit,and puts forward that the investment and financing of rail transit should adhere to the government-led and market-oriented operation.The rail transit should be diversified,especially with the land for comprehensive development.Field introduction of PPP can be combined to play the advantages of government and the market.In the sixth chapter,on the basis of the previous chapters,it is suggested that it is suggested that China's mainland cities should introduce complex PPP to optimize the investment and financing mode of rail transit.