Research on Investment and Financing Issues of Urban Rail Transit

Author: Wang Hao
Publisher:
Publish Date: 2006-08-01
Features: The book "Research Collection on Urban Rail Transit Investment and Financing" includes 17 articles written by the author in recent years, covering various aspects such as theoretical research on PPP models in urban rail transit, fare policy studies, legal issue studies, case studies, arbitration mechanism research, international experience studies, and reference models for operation agreements. It also includes domestic policies and management methods for urban infrastructure construction. In brief, the PPP model aims to distinguish between the public and commercial aspects of rail transit as a quasi-public product, conducting quantitative research. The government is responsible for investing in and bearing the risks of the public aspects, while addressing some externalities through policy and institutional arrangements. Meanwhile, the commercial aspects attract diversified social investment, with investors responsible for the operational investments and risks. Through pre-construction competitive bidding mechanisms, post-construction scientific and reasonable risk-sharing and benefit-sharing mechanisms, standardized regulatory standards and rules, it achieves the separation of government and capital, as well as government and enterprises.