Study On Investing And Financingmodels Of Urban Rail

With the accelerated development of urbanization,the challenge to urban traffic has become more and more sever.Traffic problem tremendously influences urban economic development,which has put the urban ecology,urban structure and sustainable development under an adverse circumstance.Since the very first underground rail transit line in the world had been built in London in 1863,urban rail transit network has received increasing attention,which encouraged a lot of countries to construct rail transit lines.Under this circumstance,the construction of urban rail transit in our county received a great development,and it has become a key point of our urban infrastructure construction in recent years.Along with the characteristics such as energy-efficient,fast,safe,more traffic volume,less pollutions and all-day operating,urban rail transit is able to solve the problem that urban traffic is facing,promote the development of urban economy,and becomes the core part of the urban mass transportation system.Because of itsfunctions and advantages,the urban rail transit system has been enormously developed by the counties worldwide,which results in a new challenge of capital raising andbuilding up an applicable ininvestment and financing mode in respect of the construction of urban rail transit project.In order to solve this problem,the efforts of building up an applicable investment and financing system corresponded to market demands,opening up the channels,analyzing various patterns,conducting scientific evaluations and modifying conventional modes which is more of government-oriented are required based on the illumination of the intrinsic mechanism of the evolution of investment and financing mode in respect of urban rail transit projects.This article begins with the discussion of the concept of urban rail transit system andits economic characteristics.By analyzing the economic attributes demonstrated by the urban rail transit projects and studying on the theoretical basis of the development of investment and financing mode and several cases executed overseas,the process of the transformationofinvestment and financing mode in our country will be clearly illuminated.This article is aimed to conduct a study on the investment and financing mode of urban rail transit construction project in a sustainable city,by the combination of relevant theories and practices,establish an applicable mode which can be assisted to a scientific,healthy and sustainable development of urban rail transit.To build an applicable and effective investment and financing mode for urban rail transit construction projects,this article analyzes therelated evolution process,presents suggestions from the aspects of policy,management and operation,summarizes the conditions that is applicable to theadopted investment and financing mode,establishes a marketing-diversified investment and financing mode,and discusses the feasibility of the brand-new mode at the end.