Research Of JYD Rail Transit Project Financing Scheme Based On PPP Mode

At present,the construction of rail transit in Zhejiang Province city has entered a rapidly development period.A lot of planning and construction of new rail lines has created a need for new financing models.At the national and local investment and financing policies have been introduced relevant background,major cities are also actively respond.This study shows that PPP(Public Private Partnership)model how specific combination of rail transit construction project is very necessary.This paper combined domestic and international rail transportation financing practice successful and failure experiences,as well as various theoretical research experts and scholars on rail investment and financing,and analyzed the implement PPP financing model environment of JYD rail project by considering policies and regulations of our country.Through research PPP operations in other cities of the practices,combined with the actual situation in Jin hua City to discuss the possibility applied to the project,and through financial and land resources survey along the City's ability to present its analysis of project investment and financial compensation that three cities have a greater level of financial upside,having to carry out large-scale infrastructure of financial strength,combined with the engineering characteristics and sort out for three JYD project financing schemes,namely "Government debt capital + funds " mode(the traditional model),PPP mode(a pre-pack and civil engineering)and similar BOT model(PPP)mode(a pre-pack).Then analyzed by JYD rail project uses the PPP model compared with a traditional investment and government procurement model can increase public supply,optimizing the allocation of risk,improve efficiency,promote innovation and fair competition,the effective implementation of government procurement policies,the use of Value for money qualitative analysis to determine the JYD rail PPP model can be used to replace the traditional government financing mode.Finally,through the government funded two programs were analyzed to determine the appropriate financing plan of the project.At the same time,for JYD projects of this innovative investment and financing mode to ensure operation plan and operation mechanism and analyzes the causes of project risk.According to the type of risk,and puts forward the countermeasures of risk aversion.Finally,the PPP program implementation steps,and JYD rail transit project proposed financing proposals.