上海轨道交通建设投融资模式探讨

On Investment and Financing Modes for Rail Transit System Construction in Shanghai

随着上海轨道交通建设进入高速发展期,借鉴国外轨道交通融资方式,将政府主导的投融资体制逐步推向市场。在“一体化”的模式下,明确上海申通地铁集团有限公司作为上海轨道交通投融资、建设、运营责任主体,通过政府财力支持,在明确拥有线路投资收益权和相关优惠政策的基础上,根据线路的经济特性来统筹建设资金的筹措,拓展市场化融资渠道,打通吸引社会资金参与线路运营收益路径,完善资产再融资的融资链条,从而实现轨道交通建设的良性循环发展。

Construction of rail transit systems in Shanghai is now at its peak speed, and the investment and financing for that purpose is gradually shifted from the government to the market with reference of the way of financing adopted abroad. In the mode of 'Integrity', Shentong is clearly de-signated to be the entity responsible for financing, construction and operation of the rail transit systems in Shanghai and, with the financial support from the government and clear right to obtain be-nefit from investment to the transit lines and relevant preferential policies, goes financing through the economic features of the rail transit system to open up the financing market and the way to attract more investors in obtaining benefit from the system ope-ration and improve the chain of financing so as to realize the positive cycle of development in its construction