Research On The Financing Status And Model Of China’s High-speed Railway Construction

China’s "long-term railway network plan" and the "Twelve Five" plan of railway systemclearly that national railway operating mileage of120,000kilometers before2015,Of which40,000km high-speed railway，and Initially formed a convenient, safe, economical, efficient,green railway network. Such a large-scale high-speed railway construction can not rely solelyon the state’s financial investment and the original investment and financing. We must explorenew financing methods and investment and financing mechanism to reduce the financial costand pressure of high-speed railway construction. From a fundamental solution to China’shigh-speed rail construction funding.In this paper, literature and comparative analysis method, introduced a high-speedrailway, financing model, the concept of channels to determine the selection of the basicprinciples of financing instruments. And as a theoretical basis for investment and financingmode research. Do a comparative analysis of the development status of foreign high-speedrailway, the scale of investment and financing, construction, funding, investment andfinancing management and related policies. Summarize the successful experience of foreignfinancing and financing trends to provides experience and references. Review of China’shistory of railway construction investment and financing, as an object of the nearly five yearsof railway construction investment and the number of newly opened high-speed rail linefinancing. After that do a detailed analysis of the current situation of China’s high-speedrailway construction, investment and financing mode and institutional problems, causes andcountermeasures. Through an analysis of the current major investment and financing modeand clear their advantages and disadvantages, reference to the Beijing Metro Line4PPP andShenzhen Metro Line4two successful experience of BOT construction mode. Combined withChina’s national conditions and the State Council on railway investment and financing systemreform ideas. As a proposed to adapt to China’s high-speed railway sustainable developmentand combined with our widely accepted concept of property rights and the integrity of thePPP after the new compensation model investment and financing mode-CPPP mode—jointinvestment and construction, operating subsidies, government-owned investment andfinancing under the complete ownership pattern. At last,from the five aspects of the model toensure the realization of CPPP mode concrete ideas.