Research On Land Financing And Planning Of Urban Rail Transit In China

Since the reform and opening up,the construction of rail transit in China has proceeded at a high speed,which has played a key role in China’s economic and social development.However,in recent years,due to the insufficient understanding of the objective laws of rail transit development in some regions,and insufficient grasp of actual needs and their own capacity,rail transit projects have been over-expanded and the debt risks have continued to expand,causing challenge in the existing rail transit investment and financing models.At the same time,based on the external characteristics of rail transit projects,rail transit construction can promote economic development along the route,promote the change and scale expansion of urban central areas,and improve the efficiency and value of land use around the station.If the benefits of the value-added land brought by rail transit construction can be incorporated into rail transit projects,then the financing capabilities of rail transit projects can be enhanced and the sustainable development of rail transit investment and financing can be promoted through commercial operation.Based on the theory of "X + TOD"(X refers to the market-oriented investment and financing modes such as PPP and BOT),land planning theory and commercial format theory,the paper constructs the mechanism of TOD mode on investment and financing mode,believed that the TOD model has the characteristics of overall planning,high-intensity development of land,comprehensive development of commercial resources and participation of social capital,so that the urban rail transit increasingly adopts the market-oriented investment and financing mode led by the government,and the PPP mode and BOT mode are constantly promoted.Considering the role of planning elements,land elements and commercial elements in TOD investment and financing mode,the paper focuses on the analysis of land financing and planning mode,and the grey situation decision model and the land use control model are used to demonstrate and analyze.Based on the above theoretical analysis,using transit-oriented development(TOD)theory to internalize the external benefits of rail transit,and at the same time,improving rail ride rate and long-term operation,as well as reducing the dependence of rail transit projects on government subsidies through refined fusion design,are the future development directions of rail transit projects.Therefore,this paper will start from both the domestic and overseas investment and financing models of urban rail transit,and establish investment and financing-oriented TOD models based on the principles of land financing and TOD.At the macro level,decision model of gray situation is used to solve the problem of construction orientation of rail transit,and at the micro level,the land use control model is used to optimize the allocation of site land,increase the land plot ratio,and promote land appreciation.Finally,the Sihui Station of Beijing Rail Transit is used as a research example to verify the land use control model and clarify how the model is implemented at the practical level.On this basis,policy recommendations for the implementation of investment and financing-oriented TOD model are put forward combined with the actual situation of the development of rail transit in Beijing.