Study On Financial Strategy Of Rail Transit PPP Project

With the acceleration of urbanization in China,urban traffic problems are becoming increasingly serious.The emergence of urban subway to a large extent eases the contradiction between urban traffic and urban development.However,the rapid development of urban subway projects has brought new problems.As an important part of urban public transport,it has similar characteristics with many public transport projects:huge capital demand in the early stage and long investment cycle.If only relying on government finance for urban subway construction,it will be difficult to keep up with the rapid development of the city.The pace of exhibition.In view of the financial difficulties faced by the construction of urban subway projects,local governments in China have begun to try PPP financing mode in some urban railway projects.Domestic literature pays more attention to the study of PPP financing,but seldom studies the operation process of PPP projects from the perspective of financial strategy management.PPP mode management is not limited to financing,but also reflected in financial strategy management.This paper summarizes the theoretical research on PPP model and financial strategy at home and abroad,and combines PPP financing model with enterprise financial strategy to study the financial strategy of urban subway PPP project.This paper lists the mainstream PPP operation and financing modes of urban subway in China,summarizes the characteristics of each mode.By using the case analysis method,this paper selects the first PPP project company(Beijing-Hong Kong Metro)in China as the research case,and studies the financial strategic management of Beijing-Hong Kong Metro with the financial strategic management cycle as the research framework.Taking the financial strategic objectives of the PPP project of the Beijing-Hong Kong subway and the city under its jurisdiction as the starting point,this paper analyzes the financial strategic management processes such as the financial strategic analysis,the strategic choice and the strategic implementation,and takes the public service efficiency and the financial efficiency as the evaluation indexes,and points out that the PPP project of the Beijing-Hong Kong subway is located in Finally,according to the evaluation,the paper puts forward some adjustments to the existing financial strategy of Beijing-Hong Kong Metro,and draws a conclusion that the PPP project of urban subway should choose the appropriate investment and financing mode according to its own situation,and should implement the dynamic financial strategy management,and should be based on the life cycle.To implement financial strategy cycle as a foothold.At the same time,we get the enlightenment:I hope the government will promulgate the relevant regulations of PPP model,and make clear the role of government departments in PPP model positioning.It is hoped that the enterprise will comprehensively evaluate the project,control the risk of PPP mode,select the appropriate PPP financing mode;carefully formulate the financing scheme,fully define their rights and obligations;establish a reasonable and fair competition mechanism for the project,attract the appropriate investors.