The Financing System Of Urban Mass Transit Enterprises

Since Britain built its first underground railway line in London in 1863, nowadays more than 120 cities have built about 7000km urban mass transit lines. In 21st century , China meets a new climax of urban mass transit construction. Every large city has mapped off large-scale urban mass transit network plan, its construction has started. It’s unreasonable to achieve such a great goal by totally depending on government finance and applying old financing system. Therefore, it’s an urgent to set up new financing system suitable for market-oriented economy.This thesis starts from the basic features of urban mass transit, such as semi-publicity, operation ability, marketability, exteriority. On the base of systemic analysis the financing system of urban mass transit around the world. Combined with the urban mass transit enterprises typical case, view that the financing of the profitability of the problem is that the financing of urban mass transit enterprises. In the analysis of urban mass transit possibility of corporate profits and may take such measures, on the basis of proposed the urban mass transit new financing modelenterprises--based on resource exploitation in equity financing mode. Finally asan example for Hangzhou Metro Group Co., Ltd, design three scenarios :debt financing mode, PPP financing mode, based on resource exploitation in equity financing mode, and compares the different options, for reasons of equity financing model having possibilities and a certain degree of superiority.