Bot Project Financing Applied Research In The Field Of Urban Public Transport

At present, Our country's town developing is being high speed period. Town ratio had reached 40% at 2003. By international experience, It is infrustruction's accelerating develop period when town radio is being between 30% and 70%. So, in a few decade years, Town high developing will lead to demand of town planning public service quite hugeness. We must increase invest to satisfy these demand.City public traffic has also same problem as one of basic establishment. Although the building of city public traffic acquire some development, There are some questions. It can be seen as follow: first, These problem associate with supply and demand. In our country more 600 city, Only 10% citizen go out by public traffic, A few city more 20%. But modernization city this ratio is more than 65%. Along with Economy reform It make our country being economy developing fast country ,Our country town building come into high speed period. Population of city sharply increase. The scale of city quickly increase. The amount of going out rapid rise. Second, finance burden of government is heavy, and the capital of build is absent. It is cry for a mount of capital to built public traffic in order to satisfy demand of traffic go out. But relying on government's capital ,It is difficult to accomplished.Therefore, we must change old finance mode mainly by government, Adopting newly finance pattern . At present BOT of Project financing is a popular pattern in the world.This article just about start on this, firstly , demonstrate basic theory of BOT, analyzing the distinguish of between BOT and traditional finance mode, And the use procedure. Secondly, This article assay actuality, characteristic, existing question of city public traffic. Finally, Rely on this, discuss BOT theory handled feasibility in City public traffic. Mainly analyze profit and risk. In the profit analyzing, article put up practice account combine xian's BRT item by CAMP model, concluding clear answer. In the risk analyzing, Demonstrate all kinds of risk especially finance risk ,and bring forward concrete guard means. Namely by Interest Rate Swaps to guard interest rate and exchange rate .