|
With the growth rate of China's economic development , infrastructure construction and rapid growth . While the rapid development of highway construction , transportation infrastructure investment costs are also on the rise. Due to the contradiction between the demand for infrastructure construction funds and government fiscal capacity limitations and insufficient investment in the increasingly noticeable with , as well as simultaneous government in the construction of public projects of high investment , high consumption and low efficiency of the characteristics , urgently requires reform the basis of facilities investment and financing system , opening up the field of infrastructure , encourage the participation of private capital in infrastructure construction . In this case , some places began to learn from successful international financing , the introduction of foreign capital and private capital to enter the field of infrastructure construction , in order to make up for the lack of financial funds , which TOT financing is one of them . TOT as a financing mode after testing in a foreign country , and has the following advantages : First , the the TOT financing involves only the transfer of operating rights to build infrastructure projects , there is no assignment of property rights, equity and avoid unnecessary disputes and disputes . Second, to reduce the pressure on government finances , and promote the transformation of the investment system . And third, to make an inventory of the stock of state-owned assets , increasing the value of state - owned assets ; raise funds for new infrastructure , speed up infrastructure construction , our country, especially the west ; improve infrastructure operations management efficiency , improve the quality of the products of the project . Fourth , the risk is small project fund and a high success rate . Fifth, the project cost and project a relatively low price . Sixth by institutional factors is less restricted , to facilitate foreign investment and domestic private capital in infrastructure and state-owned investment . Yuzhong Fu Expressway TOT financing model , Chongqing Highway Development urgent demand , improve the Chongqing infrastructure management level needs , facilitate the proper guidance and take full advantage of the non- state investment . The project by TOT financing mode , the recovered funds to alleviate the shortage of capital construction projects . Make an inventory of the assets of the Chongqing urban infrastructure stock , take full advantage of the the city operating assets financing has opened up new avenues of city management .
|