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Study On Urban Infrastructure Financing Of Shandong Province

Posted on:2005-03-22Degree:MasterType:Thesis
Country:ChinaCandidate:Q PanFull Text:PDF
GTID:2156360125962881Subject:Public Management
Abstract/Summary:PDF Full Text Request
Urban infrastructure construction of Shandong Province has gained some achievements but still in relatively low level since reforming and opening. In the first twenty years of this century, our country is constructing a easy society general, the issue that urban infrastructure construction of Shandong Province how to accommodate to the development requires of new age is necessary to considered seriously. Enhancing the study on financing policy of urban infrastructure is strategic for expediting urbanization and promoting economic &social development.Developing urban infrastructure demands abundant capital. For a long time, urban infrastructure capital roots in government. With the deepening reform of economy system, our economy mechanism has realized the change from fiscal dominance economy to finance dominance economy, therefore, fiscal investment can't afford to financing and develop urban infrastructure, unitary channel for financing could not meet the demand for large fund, multi-channel financing is necessary to be established.Based on the thinking of fund shortage and problems in present financing mechanisms, this article reviewed the Shandong's urban infrastructure and financing mechanisms practices, then analyzed the existing problems and reason in financing. Also, based on the natures and specialty of urban infrastructure, under the guidance of theories such as public product efficiency improvement theory, project identification theory, financing theory, capital investment theory etc, this article analyzed lengthways the development process of Shandong urban infrastructure and compared breadthwise to the experiences of some cities in southern China. Finally this article put forward proposals like "maintain the present official investment level", "strengthen the dominant investor position of the municipal asset operation companies", "introduce non-governmental capital into the public infrastructure construction", "exploit international financing channels", "implement capital trust programs", "issue city construction bonds", "set up a complete supervising mechanisms" . Applying relevant theories and methods of modern economic and management to the research of urban infrastructure financing of Shandong, conclusions of this paper offered references to the relevant fields in the future.
Keywords/Search Tags:urban infrastructure, financing, reform programs
PDF Full Text Request
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