Application Research Of PPP Model In Urban Rail Transit

After more than 30 years of rapid development,Shenzhen has been listed as the top five cities in the economy.Rail transit,as the artery of urban development,is a must for Shenzhen to expand its influence.However,the investment in urban rail transit is huge.For the builders,fund raising has always been a big problem.The existing rail transit construction relies mainly on fiscal funds and bank loans.The Shenzhen Metro Group actively seeks financing models that range from a single government investment to multiple channels.As a result,the specific application of the PPP financing model in the rail transit field has attracted much attention.Shenzhen Metro Rail Transit Phase Ⅱ project has been fully operational since the end of June 2011.Phase Ⅲ and Phase Ⅳ projects have also started construction.This indicates that Shenzhen Urban Rail Transit has entered a phase of concentrated development.At the same time,the pressure of capital,construction and operation management of the Shenzhen Metro Group has also increased.This requires the Metro Group to change its development thinking and explore new models for the development of rail transit.This paper studies the current status and future planning of rail transit development in Shenzhen and find out the problems and challenges it faces.Summarizes the experience of the existing investment and financing model for the first and second phases of the Shenzhen Metro Rail Transit project.Based on the overall thinking of the third-phase project financing,based on the overall situation and characteristics of the Line 6 project,a comparative analysis of the feasible financing modes of Line 6 is conducted.An advanced,feasible PPP model was proposed.At the same time,through the construction of the No.6 line project,the value of the land along the line will be enhanced,and the value-added revenue from land and property development will be used to feed back the construction of the rail transit to realize mutual promotion and common development.It also changed the function of the area along the track,and promoted the development of cities,the construction of new cities,the transformation of old cities and the upgrading of industrial structures,and accelerated the process of urbanization and the sustainable development of cities.At the same time,this type of innovative financing model for the No.6 line project put forward operational plans and operational guarantee mechanisms as well as analysis of possible risk factors of the project,and based on the deficiencies,proposed to improve project profitability and expand financing channels,improve the efficiency of communication between the two sides,and increase the degree of openness in the financial market.