The Financing Problem Research Of Nanning Rail Transit Group

Nanning as the capital of the Guangxi Zhuang Autonomous Region,Guangdong and Hong Kong on the east,back to the southwest,it is the hub of the Beibu Gulf economic zone,the ASEAN Free Trade Area of the bridgehead,an important node in the city is The Belt and Road development also.In recent years,the development of Nanning's economy and population is rapid,at the same time,the urban congestion problem become more and more prominent.In order to relieve the problem of the urban congestion problem,Nanning municipal government began to do the research and preparatory work about the Nanning rail transit construction.Rail transit as the future trend of urban traffic development,urbanization is an essential part of the building.however,due to the huge investment in construction,the latter operating costs are also high,and it belongs to quasi public goods at the same time.Therefore,the project must be led by local governments.According to the development of world rail transportation,rail transportation construction has to direct government investment and subsidies,which give local government financial pressure,post operation subsidies continued to make the government unable to get rid of this burden.However,since entering in twenty-first Century,a new financing model has gradually emerged,which provides a practical example for the rapid development of rail transit construction.Nanning rail transit group has began construction of the first round of the Nanning rail transit planning,since 2008.It has completed the second round of planning and obtained the approval of the State Council and the national development and Reform Commission so far.The first round of planning project has started construction and the smooth progress in the second round planning project currently has gradually started construction at full speed advance.This paper relates to rail transit public goods theory,project financing theory firstly,and then the related theories will be applied to the Nanning rail transit planning group first round and second round of planning and financing mode analysis,combined with the analysis of the development trend of fiscal revenue and expenditure situation of economic development of population in Nanning city and Nanning City the government.Based on the principle of "ensuring the demand,controlling the risk,the lowest cost and the most active mode",the suggestions for the financing model of the third round of Nanning rail transit group are provided.