The Application Of PPP In The Subway Project

Deepening the urbanization level,the rapid development of market economy in today's society,the subway as a representative of the new era of rail transit facilities,the construction is advantageous to the urban internal traffic convenience and inter-city communication flow has increased,it is necessary for our country to the subway project financing way of the construction of the comprehensive,scientific research and analysis.The construction of the subway project there are often costly,construction cycle is long,because of its quasi public property,construction of government,and business investors relies on other forms of model.Building,the local government will face financial shortage phenomenon,at this point for the introduction of PPP financing model in subway construction,conform to the requirements of the reality of construction market environment,is conducive to their sound development.Public-private partnerships for the construction and operation mode suitable for the construction of urban rail transit,the subway project,can effectively manage its long construction period,large investment funds,high coefficient of project risk problem,and is helpful to make the government as a representative of the public square,the private sector as a representative of social capital and consumers for on behalf of the social group to meet the demand of equilibrium conditions.This paper from the basic attribute of urban rail infrastructure and economic characteristic,discern economics characteristics of subway project,coordination based on game theory on the basis of the research of urban rail transit financing basic principles.And deeply analyzed the PPP financing model and related theory knowledge,multi-angle expounded the advantages and necessity of its model is applied to the subway project.And metro construction of urban rail advantage of three aspects:after the introduction of PPP financing model greatly ease the government's fiscal pressure on urban rail construction investment;To improve the government service efficiency of funds;To improve the operating efficiency of urban rail construction facilities level.From the subway project,we can find the comprehensive analysis of the current situation and problems of financing.Based on the theoretical characteristics of PPP mode,explores its applicability and application together with the present situation of subway project supply and demand relations,the subway project through theoretical analysis and application of the PPP financing model to identify the model of legal environment,the participation subject,access and exit mechanism,price mechanism and risk management,and other aspects of the theoretical analysis method,the concept and theory model,combined with the corresponding respectively to discuss countermeasures and Suggestions of metro project application of PPP mode.This article mainly uses the research method of literature review,theoretical model analysis,case analysis of the PPP projects such as the theoretical basis and its application in comprehensive analysis and research.In addition,a system dynamics model of the PPP model of subway pricing principle and its theoretical investigation on the internal contact,PPP financing for later study W subway project to lay a solid theoretical basis.