Financing Case Analysis Of Zhengzhou Urban Rail Transit PPP Project

Since the reform and opening up,the rapid development of China's economy has led to the rapid increase of urban population,resulting in serious traffic congestion in some cities,which not only brings inconvenience to the daily travel of residents,but also causes certain obstacles to the economic development.In order to solve this problem,some cities began to invest in the construction of rail transit on a large scale.However,due to the disadvantages of rail transit,such as large investment,high technical requirements,large space occupation and long cost recovery cycle,the central government strictly prohibits local governments from borrowing on a large scale and promotes cooperation with social capital in some projects,especially in large infrastructure projects,PPP financing mode can be considered.Up to now,there have been many PPP project financing cases in China,which have achieved good results in reducing local government debt and promoting project construction.Due to the differences between cities and projects,with the increase of PPP projects,different cities and different types of projects have their own characteristics,which deserves careful study and analysis.This paper first summarizes the attitude of the country towards PPP mode and the demand of some cities for rail transit by using the method of literature and materials;then,starting with the theory of PPP and rail transit,it expounds the concept,characteristics and advantages of PPP mode,combined with the economic attribute and financing mode of urban rail transit,briefly introduces the PPP financing mode of rail transit,and makes a feasibility analysis of it Analysis.Then,it describes the background of the project financing of Zhengzhou urban rail transit from the economic and traffic situation of Zhengzhou City,the basic situation of Metro Line 3,line planning,project division and project process.Then,by comparing with other PPP financing modes,this paper analyzes the advantages of the integration mode.At the same time,after a comprehensive analysis of the project,it finds the characteristics and problems of the project And put forward the corresponding countermeasures;finally make a summary of the full text,draw conclusions and look forward to the future.The financing background of Zhengzhou city is also possible for many second and third tier cities.Therefore,the successful implementation of the project is worth City learning with similar financing background is also worth learning from different cities and different types of infrastructure construction projects,including establishing diversified profit model,designing more reasonable equity distribution structure,combining civil construction with social capital,simplifying approval process,establishing effective regulatory mechanism,and broadening financing channels.