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Evolution And Innovation Of Urban Infrastructure Investment And Financing

Posted on:2002-07-23Degree:MasterType:Thesis
Country:ChinaCandidate:J H XieFull Text:PDF
GTID:2206360095452822Subject:Political economy
Abstract/Summary:PDF Full Text Request
Urban infrastructure is the base on which a city runs and develops. It provides general condition for urban manufacture and people's livelihood. In this way, it has intimate relationship with the development of urban economy. It is essential to develop urban infrastructure ahead at the initial stages and metaphase of economy development. But considering the status in quo of the construction of urban infrastructure in our country, there is still quite a lot problem.How to stir the enthusiasm of multiple investors, to introduce into diversified financing trenches (financing tools), to put right the manners of financing, and to improve the efficiency of capital is the core problem of the construction of urban infrastructure speeding, the keystone of this paper as well.The paper clutches at the core problem how to rise and manage of the constructive capital of the urban infrastructure, and probes into the advantages and disadvantages of several kinds of financing manners, and touches upon some innovations on financing manners, which is already in existence or in the shape.The emphasis of this paper is the status in quo, existing problems and developing countermeasure of the conventional and innovative financing manners. The former mostly includes finance trench, which consists of urban maintenance and constructive tax, add-ons of public utility, urban land-using tax, the debt of local government, remise of urban state-own land-using right and special national debt capital, and so on; administrative charge trench, which consists of apportion, raising the price of urban infrastructure products and services, and so on; practicality investing trench, which mostly consists of corresponding capital for urban infrastructure provided by real estate exploiters; other financing trenches, which consist of time-limiting remise of operating authority on urban infrastructure section, introducing into foreign capital, short term loan of civil financing institution, and so on.The latter includes the innovation on the main investors, which consist of the anticipation of civilian capital and other non-financing institutions, and the innovation on financing tools, which consist of project financing, investment funds on industry, municipal bonds and initial public offering, and so on.As far as the status quo of financing in the constructive field of urban infrastructure is concerned, although conventional financing arrangements have bestrewed three processes, which include the constructer, putting through and final service-offering, facing the tremendous market demands for urban infrastructure, the innovation on financing tools and main investors still has quite great space. So, it is essential to enhance the degree of innovation, and give more attention and vigorously prop-up to those financing manners, which have more feasibility under the precondition of maintaining current financing basic patterns.
Keywords/Search Tags:Urban infrastructure, Investing and Financing manner, Investor, Financing tool, Evolvement, Innovation
PDF Full Text Request
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