联系我们

论文查询结果	返回搜索

论文编号：	2792
作者编号：	2120082505
上传时间：	2010/12/2 10:16:15
中文题目：	天津地铁项目融资模式研究——以地铁6号线项目为例
英文题目：	Research on the financing model of Tianjin Metro——the Case of Tianjin Metro Line VI
指导老师：	李莉
中文关键字：	地铁项目,融资模式,联合开发,天津地铁
英文关键字：	the project of Metro, financing model, joint development ,Tianjin Metro
中文摘要：	在寸土寸金的大城市里，地铁因用地省，运能大，速度快、时间省、污染少等优点成为市民最理想方式的出行方式，地铁项目的建设对于缓解大城市交通需求与交通供给之间的矛盾具有重要的现实意义。但是，由于地铁项目投资需求大，盈利能力低、回收期长等原因，建设资金筹措较为困难。目前我国地铁项目的投资来源中，政府投资仍占主导地位，来源单一，融资难问题成为制约地铁项目快速发展的瓶颈。为此，我国主要城市都在探索着有益的探索。 近几年来，涌现出BOT、BT、ABS、PPP等多种融资模式，每一种融资模式都有着自身的特点与优点，但也存在着一定的缺陷。正确认识地铁项目准公共物品的特性，合理区分项目的准经营部分与非可经营性部分，通过地铁物业综合开发模式，实现地铁项目正外部效益内部化，为地铁项目融资提供了新的思路。 本文首先阐述了天津地铁项目融资的研究背景与意义，介绍了研究内容、研究方法和可能的创新点。回顾了地铁项目融资相关理论，结合国内外地铁项目融资的现状，分析各个主要城市融资模式的优缺点及经验总结，在此基础上提出可供选择的融资来源及融资模式。通过分析天津地铁集团融资存在的问题及原因，从项目区分的角度出发通过PPP项目融资模式吸引社会投资者；从解决轨道交通正外部性和土地增值效益的突出显示出发提出以地铁物业综合开发模式寻求地铁多种经营收益，拓宽地铁项目的融资渠道，解决地铁建设的资金短缺问题。最后本文以天津地铁6号线为例，探讨该融资模式在地铁6号线中的应用。
英文摘要：	Because of the land provinces, a large transport capacity, speed, time, less pollution, etc., the MTR have become the ideal way to travel mode. Metro construction projects have really important practical significance to alleviate city traffic demand and the contradiction between supply and transportation. However, it is much difficult for fund raising because of the large demand of MTR, the low profitability and the long pay back period. Of all the source of investment, it is still dominated by the government investment, and the problem of financing constraints has become major obstacle to restricting the rapid development of metro project recently years. The major cities in china are exploring a useful exploration to solve this problem. In recent years, it emerges BOT, BT, ABS, PPP and other financing mode. Each financing model has its own characteristics and advantages, but also has some flaws. This paper provides new ways to finance the project of MTR by two ways. First of all, to correctly understand the metro project’s characteristics of quasi-public goods, and to distinguish reasonably between the operatable part and disoperatable part .Secondly, to solve the problem of the positive externalities in MTR by comprehensive development model of Metro Property. In this paper, we described the finance background and significance firstly. Introducing the contents, methods of the research and the possibly innovation next. Reviewing the metro project financing and the related theory and combining the status of metro project financing at home and abroad. By analysis of the advantages and disadvantages in financing models of all major cities, and analyzing the problems and causes of Tianjin Metro Group financing, distinction from the perspective of the project through the PPP project financing model to attract social investors. Positive externalities from the solution of rail transit and land value-added benefits offered to highlight the starting model for comprehensive development of the MTR subway properties diversified revenue and broaden the financing channels for metro project to address the shortage of funds subway construction. Finally take the Tianjin Metro Line VI for example to investigation the application of this kind of financing model.
查看全文：	预览  下载(下载需要进行登录)