A Research On The Investment And Financial Model Of S City's Metro

S city is the economic development zone of China,its economic has been through a rapid development since the reform and opening up,the population of S city is increasing,which has put forward higher requirements of S city's urban transport services.Compared to other urban transportation modes,subway has the advantages of safety,fastness,comfort and environmental protection,subway gradually becomes an important part of urban traffic.S city subway project started constructing in 1988,which has now completed the first,second and third phase of the project construction,the fourth project is also actively promoting.With the rapid development of subway project construction in S city,the demand of funds for subway construction is getting higher and higher,and the traditional government investment model can't meet the growing demand for subway construction.Under the dual guidance of government financial pressure and social capital investment enthusiasm,the trend of diversified investment and financing model began to appear,and it has been applied in the second and third phase of S city subway project.Taking into account the huge amount of funds for the construction of urban subway projects and the payback period is longer,the fund raising is still the core issue of S city subway project construction.This paper takes subway line 14 as an example to study the investment and financing mode of S city subway project.Firstly,the theories of investment and financing of urban subway project has been analyzed,the existing problems of investment and financing mode of S city subway project have been analyzed,and the thought of investment and financing mode of S city's Metro Line 14 has been put forward.Second,the investment and financing mode of S city's Metro 14 has been chosen on the basis of various factors analyzing.Finally the design of S city's Metro Line 14 investment and financing model portfolio was given.The conclusion shows that the PPP model is the most suitable investment and financing model for S city's Metro Line 14,and the core framework of financing model portfolio of S city's Metro Line 14 can be determined on the basis of PPP mode,EPC mode and "track + property" development mode.This paper not only provides constructive guidance for the investment and financing mode of S city's Metro Line 14 construction project,but also provides the theoretical basis for the investment and financing mode of other subway projects' construction in S city.