Research On The Application Of Build-Operate-Transfer Investment And Financing Fattern Chinese Stadiums

Build-Operate-Translation as a common mode of investment and financing has been applied in building of infrastructure at home and abroad widely. Prominent research on Build-Operate-Translation has formed a more mature theoretical system. BOT mode could be transplanted into the construction of Chinese stadiums for its adequate theory in infrastructure. Recently, there also have been new attempts (Build-Operate-Translation) on Chinese stadiums. Combination the theoretical with practical experience can be useful and meaningful for the development of investment and financing mode in Chinese stadiums in the future.The author studied the application of Build-Operate-Transfer investment and financing mode in Chinese stadiums through literary analysis, logical analysis, SWOT analysis, example analysis and expert interviews methods in the in the paper, analyzed advantages and disadvantages of the utilizing of BOT mode in Chinese stadiums, also analyzed the problems in BOT pattern and summarized the relation between stadiums'operation. The following conclusions:1. BOT financing mode is a mode of raising funds for construction which could own the right to operate as a future investment returns. It is an effective supplement to alleviate the lack of current state's investment, is a useful attempt to expand sports'investment and financing channels, fits the industrialization of Chinese sports industry, guides the direction of social development. At the same time it is the embodiment of the reform of Chinese sports'system. It proved that BOT financing mode is fit for Chinese venues through SWOT analysis.2. Beijing Wukesong Cultural and Sports Center is the first stadium invested by enterprise completely in China until now. The unprecedented attempt not only reduces the burden on the government, but also created opportunities for enterprises. It is confirmed that BOT mode can be applied to our sports venues.3. It is not a long time BOT financing mode used in our Chinese stadium, there is no theoretical supporting system, but there are some problems in practical operation. It has not formed a sophisticated operation and management mechanism in the operational process.4. China has not formed a complete system of law on BOT financing mode. Just some local governments made several rules in their own fields. There is no theoretical supporting system in the operational process.5. The BOT project usually has a long life cycle. There are prone to many changes during its operation. We should summary the experience in changes and improve the ability to cope with the changes, find the suitable BOT financing mode for Chinese practice gradually.