Study On Financing Model Of Urban Rail Transit Of Our Country

With the development of the economy and the acceleration of the urbanization, the urban transportation and environment problems have become increasingly serious. To actively develop the urban rail transit with efficiency, punctuality, safety, high capacity, low pollution and low energy consumption is essential to solve the current urban traffic and environmental problems. With China's policy of the priority to the development of public transport and energy-saving and environmental protection in depth, the scale of the construction of rail transit is 5,790km and the total amount of the investment is 3,6879 trillion RMB from 2010 to 2020,2,2728 trillion RMB of which requires financing. The rail transit will enter a new stage of a rapid development in China, and the investment and financing of urban rail transit has become a major issue which is eager to be solved. It has a very important practical significance to broaden the financing channels for diversified and market-based financing mode of the urban rail transit.This paper firstly introduces the main economic attributes and financing characteristics of the urban rail transit and on this base summarizes and analyses the present investment and financing mode of urban rail transit and its problems. Through summarizing and drawing on the experience of the investment and financing of the urban rail transit in big cities of the world, we come to the solution of the investment and financing of urban rail transit problems. Secondly, the article focuses on two investment and financing optional modes of the urban rail transit, and makes a detailed analysis on their characteristics, the application in urban rail transit at home and possible problems, in order to expand the investment and financing channels of the urban rail transit to provide practical approaches. Thirdly, this paper on the basis of the efficiency of urban rail transit is attempting to establish the evaluation index system and the model for the choice of the financing mode, and separately adopt the SWOT analysis method and gray F-AHP method for the primary and second choice for the viable mode of the urban rail transit, so that to provide a viable solution for the choice of the mode of the investment and financing of the urban rail transit. Finally, the paper puts forward to the recommendations of the investment and financing of the urban rail transit for improvements, based on the solution of the investment and financing of the urban rail transit.