The Research On The Trust Financing Plan Design For Chongqing A Highway Project

Now Chongqing and Chengdu have become the two national central cities of the west,to the development of Chengdu-Chongqing urban agglomeration planning under the state council put forward higher request,the existing two connecting the Chengdu-Chongqing expressway has appeared under the condition of traffic flow tends to saturation,A highway project(shing Chongqing highway)arises at the historic moment.The research object of this article is Sichuan segment of A highway project,the total length of 175 km.Total investment of 24.099 billion yuan.The construction of A highway project in Sichuan section of high cost and related counties there has been A major contradiction between local government financial resources,project financing problems.Therefore,this article is based on the existing of A highway project in Sichuan public information,standing in the perspective of A highway project company for the project to choose the financing mode,financing channels and trust financing operation mode,and the final design of project financing.Based on the theory of infrastructure investment and financing related theory as the foundation,with A high speed project in Sichuan section of the existing financing problems as the research object,through to the basic construction project,the project company equity arrangement of data collection and analysis,estimates the financing needs of large shareholders,for A high speed in the form of layers of propulsion project company financing scheme is designed.Task of this paper and the main conclusions are as follows: first of all,the design of the traditional infrastructure financing model and the PPP project financing model of alternatives,analysis the feasibility of each scheme,two modes is not possible conclusion is that the traditional financing model,A high-speed project company should be selected based on A new type of PPP project financing of BOT mode.Second,select the appropriate financing channels for A highway project company,on the Banks,trust,and private equity funds,after comparing the three channels based on the feasibility and cost rate consideration,choose the trust as the financing channels.Third,in the comparison of the loans the beneficial right of the trust,equity trust,trust after three trust financing operation model,based on and the matching of the highway project into account,this paper choose the beneficial right of the trust as a mode of operation.Fourth,based on the above analysis,this paper designed for A highway project company right trust financing scheme,determine the financing amount,time limit,yield,trust.In this paper,the research to ensure the capital requirements of the construction of A highway project in Sichuan section,has strong application value and practical significance.At the company level,for A high speed project company provides A stable,low-cost financing channels,to ensure the project of the company’s normal operation.At the industry level,in contrast to selection and design scheme of this paper highlights the infrastructure to take new PPP project financing mode and the trust financing advantages,studies on other trust company to develop infrastructure projects for the subject matter of the trust plan provides the reference;At the social level,this paper studies help A highway project in Sichuan section at A relatively low cost to obtain financing,ensure project completed on schedule,the local government and the traffic connection between Sichuan and Chongqing has certain practical significance.