The Research For Investment And Financing Modes Of Urban Mass Transit

In the past two decades of mainland China, along with the rapid development of the economy, the progress of urbanization is accelerating and the requirement of traffic is boosting. All of these effects are lead to the aggravation of the traffic congestion, traffic accidents, and the environment pollution. In this case, urban mass transit system will be the primary solution to these traffic problems.The theory of public goods is developing, and the appearance of urban mass transit infrastructure brings new meaning to it. With some characters of excludability and non-competitive,mass transit belongs to quasi-public goods. As a result, when comes to the investment and financing mode, so many problems come out. In order to achieve the effective transportation products supply, we need to use some kinds of comprehensive financing ways, to make a combination between government and the market mode. My dissertation is mainly from the view of the theory of public goods. To adapt to the situation of our country, I take Chongqing mass transit network construction as an example, try to think out of some forward innovations about the investment and financing mode of urban mass transit.Firstly, this paper analyzes the basic aspects of mass transit, dealing with the definition, technical characteristics, economic characteristics and the necessities of urban mass transit infrastructure. Then, we discuss the relevant theories mode of rail transit investment and financing, including its role as quasi-economic characteristics of public goods, general theory related to quasi-public goods, effective supply mode of mass transit. Furthermore, the article draws on domestic and international urban mass transit investment and financing mode, and analyses the financing mode status and problems of China's mass transit. At last, this paper takes Chongqing municipal mass transit network construction as the background, makes in-depth analysis and research about investment and financing mode, and thinks out of an idea of industrial fund financing mode, to make effective exploration and innovation in the mass transit financing mode diversification.This research paper will be an excellent reference about construction, operation and management reform of China's urban rail transit.