The Asset-backed Securities Financing Research Of The Infrastructure

Urban public infrastructure is a city production and living infrastructure,public facilities can provide urban residents with the necessary public goods and services,but also for economic and social development to provide a hardware environment.In the public infrastructure,the public transport infrastructure has the characteristics of large initial investment scale,high operating cost and long investment recovery period.It is a typical representative of public infrastructure investment and construction.The domestic urban rail transit will be in a rapid development stage.Based on the above considerations,this paper will explore the innovative financing of public infrastructure in the context of R city rail transit construction project.Under this background,this paper studies the public infrastructure investment and financing model.This paper uses some websites and platforms to collect some research materials and research results related to public infrastructure construction,rail transit construction and asset securities financing,and to find out the cases that have been successfully implemented in China and find the common core of the financing of asset securitization.It combs the current policy of infrastructure asset securitization,analyzes the mode of R rail transit construction planning and financing,including BT mode,BOT mode,PPP mode and asset securitization mode.The comparative analysis method is used to analyze the advantages and disadvantages of the four different financing modes,and then choose the financing mode which best meets the actual situation of R city after comprehensive evaluation.Combined with R City Rail Transit Line 4 passenger traffic and ticket revenue forecast,and finally based on the above forecast to design the securitization financing program.Finally,focus on the previous study.This paper summarizes and predicts the application promotion and actual value of the next stage of infrastructure construction asset securities financing mode.At the same time,it points out the shortcomings and implication in the research process.