Investment and Financing Mechanism for Urban Rail Transit Line Renovation in China
Urban rail transit in China has entered a new stage of transforming from"incremental expansion"to"stock optimization".This requires renovating existing lines,which poses a huge demand for funds and a high standard for long-term sustainability.Therefore,it is important to develop an investment and financing mechanism that matches the renovation needs and ensures the high-quality development of urban rail transit.However,there is a lack of comprehensive and unified guidance for different types of renovation projects and various stakeholders.There is also an urgent need for theoretical research to support the innovation of investment and financing modes.This paper analyzes the experiences of typical cases in London,Japan,Beijing,Shanghai,Shenzhen,and Tianjin.Based on the economic,cyclical,and multi-body characteristics of the projects,this paper proposes a grading and classification system for investment and financing,and constructs a mechanism that integrates financial subsidies and incentives with the stock of assets and new investment.This study can provide a reference and basis for improving the top-level design of renovation projects and forming a multi-principal synergistic investment and financing mechanism system for the medium and long term.
urban rail transitrenovationinvestment and financing mechanismcase analysispolicy suggestion
万方数据
维普
