Research on Smart Streelight Projects Supported by Special Bonds
Summary and analysis of smart streetlight projects supported by special bonds reveal that local government special bonds play a crucial role in promoting smart streetlight projects.The main conclusions include the trend of longer issuance periods,continuous decline in interest rates,and a front-loading issuance pace.Comparing materials such as"practicable plan,financial assessment,and legal opinion"disclosed by various projects,it is found that there are issues with the issuance process of special bonds supporting the smart streetlight sector,including lack of transparency in information disclosure,exaggeration of operational income,and inadequate regulatory mechanisms.Comparative analysis of operational project income data reveals that the overall profitability level of smart streetlight projects is not high,and they overly rely on advertising service revenue based on LED screens,resulting in significant pressure for debt repayment and interest payments.In response to the issues identified during the issuance process,recommendations include refining audit standards,increasing audit requirements,expanding the channels for special bonds sales,and diversifying investor structures.Regarding operational issues with smart streetlight projects,suggestions include expanding the scope of franchise operations and enhancing the organizational coordination mechanism.
multi-fuctional polespecial debtinvestment and operation
万方数据
维普
