Strategic Plan for the Reform of Railway Investment and Financing System

Author: Luo Renjian
Publisher:
Publish Date: 2007-01-01
Features: This book is one of the "China Macroeconomic Series (2006)". It mainly draws on the experience of railway construction from abroad, analyzes the obstacles and concerns faced by social capital in entering the field in China, and proposes an overall approach to reforming the railway investment and financing system. From the perspectives of leveraging the leading role of the government, effectively mobilizing the enthusiasm of local governments, and expanding the entry of social capital, it offers specific recommendations on the establishment of relevant institutional frameworks and arrangements, the sources of government railway funds, the methods for social capital entry, and investment and financing platforms. The focus is on the development of railway interconnectivity and the establishment of investor rights protection mechanisms. In addition to institutional design, the government should also promote relevant policies to ensure the smooth progress of the railway investment and financing reform, provide legal support for it, and coordinate the support of various departments for the reform.