| In recent years, with the rapid development of China’s economy, people’s living standard has been continuously improved, the transport mode has also undergone a lot of changes. More and more families owned their cars, of course, the cars supply many conveniences to people, but they also lead to many negative events, such as urban traffic congestion, accidents and environmental pollution. In order to alleviate the urban traffic pressure and optimize the road-network structure, more and more cities begin to prepare and plan their own urban rail transit. As a modern commuter way, the rail transportation is not only convenient and facilitative, but also generates less environmental pollution, therefore, when it was introduced, it captured lots of favorable comments. With the continuous progress of urbanization, the rail transportation has more and more become the first choice to solve the city’s traffic problems. To develop the rail transport has also been the consensus of various medium-sized cities.The development of urban rail transportation can optimize the city structure and ease the traffic congestion, but the construction of the rail transit is not a easy thing, the high cost, large investment, long construction period and limited profitability all increased the demand of money. Throughout the current, for the construction of the rail transit which is the typical quasi-public goods, the capital mainly comes from the government’s financial allocation. Therefore, most of the city’s rail transit have been the loss condition, combined with the rail transit network to be ongoing expansion and maintenance, so the need for capital has become very urgent and long-lasting. Faced with such a huge capital gap, only the government funds is very difficult to maintain the long-term development of rail transportation, in addition, the huge financial fund makes the burden of the government very heavy. Under such context, analyzing the existing rail transport’s financing mode and looking for some new financing channels become very necessary and important. Based on such reasons, this paper attempts to analyze the specific financing mode of Chongqing Rail Transit, and try to find some possible problems, then propose some targeted improvement recommendations which can optimize some respects of financing modes.This paper mainly used the method of logical deduction and case study to give an overview of some domestic large cities’ rail transit’s financial mode, and attempt to used the specific instance of Chongqing Rail Transit, tried to find some common problems and then put forward some corresponding optimized suggestions in order to provide some reference for the subsequent construction and other cities’ rail transportation development.For the rail transit’s financial mode, this paper mainly based on market and policy perspectives, then proposed some optimized ideas and suggestions. On the one hand, the rail transportation company should diversify its financing mode, though variety ways such as securitized assets, sale-leaseback, BT or BOT to broaden its capital channel, meanwhile, the company also should strengthen the re-use of the existing assets and the commercial development of the idle resources such as route and sited. On the other hand, the government should provide some necessary policy support and regulatory guidance to the variety of market-based financing mode which were used by the rail transportation company, in addition, the government should also provide some tax relief and financial subsidies to the company when it can’t solve the capital gap with any financing channel. |
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