A Study Of BT Mode For Public Project Financing

The public project is at the foundational position in the economic development process and an insurmountable stage in the process of the industrialization. The international experience indicates that the construction of public project is the foundation of industrialization and the impetus of economic continuing increase. So, Since 1980s, the various countries apply the pattern of project financing to collect more the fund for stepping up the construction of public project.The BT pattern is the financing way of public project that is used in the specific condition. The BT pattern is a huge systems engineering because the financing structure of the BT pattern is quite complex and multitudinous loan contracts, guarantee contracts and construction contracts are involved in the BT project financing. This dissertation systematically has studied the BT pattern following several aspects:(1)This dissertation has analyzed the development characteristic and the existing financing mode of public project in our country and proposed that project financing is the development tendency of public project based on introducing the financing development of foreign public project.(2)This dissertation has discussed correlational concept and essential characteristic of BT pattern and analyzed the differences with other financing ways and the function and question of BT pattern in the construction of public project.(3)This dissertation has analyzed the risk division and risk types of BT pattern and proposed the method and measure of preventing financing risk.(4)Widely consulting the domestic and foreign related literature, this dissertation has proposed an normative operation procedure of BT project financing.