深圳市軌道交通三期6號線項(xiàng)目投融資模式分析
本文選題:軌道交通 + 投融資模式; 參考:《西南交通大學(xué)》2013年碩士論文
【摘要】:目前,深圳市政府已正式啟動(dòng)深圳市城市軌道交通三期工程的建設(shè)工作。軌道交通三期工程建設(shè)將分三階段開展,包括6、7、8、9、11號線,線路總長約170公里,建設(shè)總投資估算約1,256億元。鑒于城市軌道交通項(xiàng)目關(guān)系到市民出行方方面面,需要在確保運(yùn)營效率的同時(shí),兼顧便利性和安全性;同時(shí)由于城市軌道交通前期建設(shè)資本性投資大、后期運(yùn)營成本高,其公用事業(yè)的屬性決定項(xiàng)目本身盈利水平低、回收期長,因此如何有效拓展未來城市軌道交通建設(shè)運(yùn)營中的投融資模式、成為城市軌道交通未來可持續(xù)發(fā)展所面臨的重要課題。 深圳市作為投融資改革的先鋒城市,在軌道交通二期已嘗試了BT、BOT投融資模式,取得了一定成果。三期工程將在總結(jié)二期工程投融資模式的經(jīng)驗(yàn)下,將繼續(xù)嘗試創(chuàng)新型投融資模式。 本文通過研究目前深圳市軌道交通發(fā)展現(xiàn)狀、未來規(guī)劃,找出面臨的問題和挑戰(zhàn)。總結(jié)深圳市軌道交通一、二期工程既有投融資模式經(jīng)驗(yàn),結(jié)合三期工程投融資總體思路,以6號線項(xiàng)目總體情況和特點(diǎn)為基礎(chǔ),通過對6號線可行的投融資模式進(jìn)行比較分析,提出了先進(jìn)的、具有可行性的創(chuàng)新型投融資模式:PPP模式“軌道+物業(yè)”綜合開發(fā)模式。即:深圳市軌道交通6號線以TOD開發(fā)理念為指導(dǎo),采用“軌道+物業(yè)”的綜合開發(fā),結(jié)合PPP的投融資模式進(jìn)行整體運(yùn)作,充分將軌道交通的正外部效益內(nèi)部化,實(shí)現(xiàn)6號線工程項(xiàng)目本身的財(cái)務(wù)平衡。同時(shí),通過6號線工程的建設(shè),提升沿線土地價(jià)值,用土地、物業(yè)開發(fā)的增值收益反哺軌道交通建設(shè),實(shí)現(xiàn)相互促進(jìn),共同發(fā)展。并且轉(zhuǎn)變軌道沿線區(qū)域功能,促進(jìn)城市發(fā)展、新城建設(shè)、舊城改造以及產(chǎn)業(yè)結(jié)構(gòu)的升級,加快城市化的進(jìn)程與城市可持續(xù)發(fā)展。 同時(shí),針對6號線項(xiàng)目的這種創(chuàng)新型投融資模式提出了運(yùn)作方案和運(yùn)作保障機(jī)制以及對項(xiàng)目可能存在的風(fēng)險(xiǎn)成因進(jìn)行了分析,并根據(jù)風(fēng)險(xiǎn)的類型,提出了風(fēng)險(xiǎn)規(guī)避的對策。
[Abstract]:At present, the Shenzhen Municipal Government has officially started the construction of the third phase of the urban rail transit project in Shenzhen.The construction of the third phase of rail transit project will be carried out in three stages, including line 6f7, 8, 9, 11, the total length of which is about 170km, and the total construction investment is estimated to be about 125.6 billion yuan.In view of the fact that urban rail transit projects are related to all aspects of public travel, it is necessary to take into account convenience and security while ensuring operational efficiency. At the same time, due to the large capital investment in the early construction of urban rail transit, the later operation costs are high.The property of public utilities determines the low profit level and long payback period of the project itself. Therefore, how to effectively expand the investment and financing mode in the construction and operation of urban rail transit in the future has become an important subject for the sustainable development of urban rail transit in the future.Shenzhen, as a pioneer city of investment and financing reform, has tried BTHBOT investment and financing mode in the second phase of rail transit, and has achieved certain results.The third phase project will continue to try innovative investment and financing mode after summing up the experience of the second phase project investment and financing mode.This paper studies the present situation and future planning of rail transit in Shenzhen, and finds out the problems and challenges.This paper summarizes the experience of the existing investment and financing modes in the first and second phase projects of Shenzhen rail transit, combining with the general thinking of the investment and financing of the third phase of the project, based on the overall situation and characteristics of the line 6 project, through the comparative analysis of the feasible investment and financing modes of line 6.Advanced and feasible innovative investment and financing mode: the "track property" comprehensive development model is proposed.That is, Shenzhen Rail Transit Line 6 is guided by the TOD development concept, adopts the comprehensive development of "track property", and combines the investment and financing mode of PPP to carry on the overall operation, fully internalizing the positive and external benefits of rail transit.Achieve the financial balance of line 6 project itself.At the same time, through the construction of Line 6 project, the value of land along the line can be promoted, the value of land and property development will be fed back to the construction of rail transit, and mutual promotion and common development will be realized.And change the regional function along the track, promote urban development, new city construction, old city transformation and upgrading of industrial structure, accelerate the process of urbanization and sustainable development of the city.At the same time, according to the innovative investment and financing mode of Line 6 project, this paper puts forward the operation scheme and operation guarantee mechanism, and analyzes the possible risk causes of the project, and puts forward the countermeasures of risk aversion according to the type of risk.
【學(xué)位授予單位】:西南交通大學(xué)
【學(xué)位級別】:碩士
【學(xué)位授予年份】:2013
【分類號】:F572;F283
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