Optimization Of Project Financing Strategy In A City Parking Lot

There are 310 million vehicles in China in 2017,but the development of the parking lot is far from the growth of cars.According to statistics,the proportion of the number of mooring and motor vehicles in the developed areas is about 0.77:1,and the economic backward areas are less than 0.6:1,which is far from the standard of foreign 1.4 to 1.The parking facilities do not match the parking demand.According to statistics,the parking spaces in the periphery of major cities are relatively idle,and parking demand is mainly concentrated in the urban central area,especially in prosperous areas.The land resources which can be used in the construction of parking lot are scarce,the cost of parking lot construction is high,and the shortage of capital for a long time has become one of the important reasons that restrict the development of parking lot.So how to finance the construction of parking lot is a problem to be solved urgently.This paper takes A city solid parking project financing channel as the research object.As an important tourist city in China,A city has developed rapidly by relying on the tourism industry in recent years,but the contradiction between the increase of the number of urban cars and the lag of parking facilities is becoming more and more prominent.As a major project to solve the parking problem in A City,the project includes 21 parking lots,hotels,shopping malls and other supporting facilities.The total area is 132.6 mu,the total number of mooring is 10233,and the total investment of the project is 1 billion 600 million yuan.The capital gap of the project is huge,the financing risk is high,the financing cost needs to be controlled.On the basis of extensive reading related literature,the author goes deep into the practice work of the item company A City exchange group,consults the company experts and draws lessons from the domestic and foreign outstanding parking lot project financing cases,and analyzes the current financing mode of the A city parking lot.The following problems are as follows:(1)single financing channels and problems:high financing threshold,complex loan procedures,short loan period and limited amount.(2)project financing causes the irrational capital structure of item company,and the debt risk of the company constitutes the implicit debt of the local government.(3)project financing is not conducive to economic restructuring:crowding out private capital.In order to solve the above problems,the author puts forward a solution to the expansion of financing channels and makes a full analysis of its necessity and feasibility.Finally,it puts forward some countermeasures to implement the possible problems in implementing the measures.The innovation of this paper is to explore the new financing channel for the construction of public parking lot under the background of the city parking problem and the hidden debt of local government.This paper analyzes the financing problem of the typical infrastructure project of A city parking lot and puts forward the adoption of BOT financing to introduce private capital,hoping to provide a certain policy guiding significance for government to guide private capital investment and play the market mechanism.