Economic Evaluation Study On Water Pipe Network Financing Lease Project In A City

Urban water supply facilities are large public infrastructure,and they are important investment expenditures for municipal engineering.Because water supply facilities and water network pipelines are huge,the amount of funds occupied is huge.But as a public utility investment,its investment return rate is relatively low,and private capital investment is small.At present,their funds mainly come from financial support,bank loans and so on.But with the change of monetary policy and the situation of government financing situation,government financial support shortage,coupled with the long-term accumulation of management level and operating profit poor,capital traditional water supply enterprise from commercial banks and other financing channels are limited to improve and meet the business needs of water supply enterprises in monopoly management mode.In this case,we need to find the development of the industry,which can reduce the cost,improve the operating conditions,maximize the use of the capital,more suited to the new financing mode.This mode can provide better financial support for the development of enterprises and improve the water supply facilities,in order to better adapt to the rapid development of the city.Under this background,tap water company in A city put forward the innovation of tap water pipeline financing lease project.This financing lease program aimed to help the construction of new tap water pipe network system,which greatly improve the water supply capacity of the city.This paper intended to tap water network leasing project in A city as an example,closely related with the basic features of the water supply projects and the theory of economic evaluation,carried out a systematic research on the economic evaluation from project data estimation and reporting,project financial index analysis,project risk analysis of the project and so on.This study can not only provide scientific guidance for the management of this project,but also provide a reference for the economic evaluation of water supply projects.This study showed that:The project had a certain dynamic and static profitability,but relative to other general profitable projects,its profitability was weak.The main reason was that the tap water supply industry was a fundamental industry to beneficial to the people's livelihood product sales price(price),and its increase cost adjustment can not adapt to the company.This project Due to financial liabilities decreased and there was no financial liabilities after the project calculation period of third years,net financial expenses project reflects the deposit interest income,it can be seen that the tap water pipeline leasing project in A city long-term solvency was very good.The project operating capacity index was still in a good level in the industry,and the project development capacity and growth prospects were good.Because this project was beneficial to the people's livelihood,and it had government background,but also had guarantee of the best quality state-owned enterprises,the overall risk level of the project was small.The main risk factors faced by the industry and the financial risk,market risk,compliance risk,lease enterprise credit risk,financial risk,volatility force majeure risk.This paper combined with the related theory of project financing lease model,economic evaluation and the method based on the analysis of tap water underground pipeline leasing project economic rationality,the new research point of view,at the same time in the course of the study,I strive to integrate theory and project economic evaluation practice closely,overcome the previous similar studies focus only on the project itself,resulting in disadvantages of an empirical analysis and theoretical study.The theoretical system of this paper is complete,hoping to provide reference for the economic evaluation research of financial leasing project in municipal engineering and other industries.