A study on the financing mode for the local railway construction projects on the basis of “ministry-city” collaboration

Qi Qingzhu and Gui Yuan

Abstract

The paper analysis the problems of China's joint-venture railway financing, and brings forward through the formation of the local railway investment company setting up a local railway construction financing platform under the environment of “Ministry-City” collaboration. Based on the financial perspective, the paper puts forward defining standards and the various characteristics for profitable joint-venture railways, quasi-welfare joint-venture railways and public joint-venture railways. The paper designs different financing mode to match different nature of railway investment projects.