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Guangdong J College New Campus Construction Financing Mode Research

Posted on:2013-02-12Degree:MasterType:Thesis
Country:ChinaCandidate:G KeFull Text:PDF
GTID:2247330395975118Subject:Project management
Abstract/Summary:PDF Full Text Request
Since2003, many colleges and universities in Guangdong started large-scale expansion,which rise waves of high level education institutions’ infrastructure construction. The capitalexpenditure required for higher education’s infrastructure construction is so huge that it farexceeds the maximum that universities can afford and the investment capabilities of localgovernment. Traditional financing channels, such as financial allocation, bank loan and publicdonations, are hard to meet the capital requirement of construction that easily exceeds tens ofmillions. This heat of infrastructure construction leads many universities to bear huge amountof debt. How to efficiently utilize existing resources to early completion of new campusconstruction goal, becomes an important topic facing the management of universities of ourprovince.This article takes construction financing of the new campus of Guangdong J College asan example, by comparing the basic theoretical analysis of multiple financing models, it seeksways to solve higher education institutions’ fund shortage which previously rely on single andindirect financing model, such as bank loan. In addition, it analyze the feasibility of multiplefinancing models in the application of new campus construction. Through the analysis ofapplicability of policy access, analysis, financing difficulty and financing cost, this papercome to the financing model that suite College J best, and establish financingdecision-making process that includes financial analysis, loan size constrain and developmentstage financing. Based on study of College J’s financing model, this paper put forward severalmeasures and suggestions to solve the financing problem of Guangdong University.Through research, this paper argues that the bank loan is still the main financing channelfor domestic colleges and universities, BOT financing model also start playing an importantrole in the new campus construction of colleges and universities. New financing methods,such as trust financing, insurance financing, and leasing, also come into play. At the sametime, in order to solve education funding shortage fundamentally, universities should not onlyestablish scientific funding system and increase funding continually, but also they shouldexpand the financing channels and improve efficiency of fund usage.
Keywords/Search Tags:Campus construction, Financing for University, Analytic Hierarchy Process
PDF Full Text Request
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