现代建设项目融资模式综述.docx

现代建设项目融资模式综述摘要：In order to adapt to the infrastructure of modern society, the process of urbanization, the scale, the system development of BOT model, industry needed government permission is functional and historical product complementary to the private sector. With the rapid development of the national economy to accelerate the urbanization process in China, the development of urban infrastructure construction has made great achievements, but still can not meet the needs of national development and the actual needs of the people, has become a bottleneck restricting the rapid development of the economy. According to the development of Chinas urban infrastructure project financing proposed approach is to promote the construction of urban infrastructure construction and operating trends, introduces PPP infrastructure project finance theory. With the reform of the economic system, investment diversification and deepening of the evolving pattern of government projects, supply methods, more flexible and diversified financing model to raise funds for construction of public expenditure management, accelerate the pace of construction. Government project financing mode TOT model is gradually pay more attention to the application.关键词：融资模式、BOT模式、PPP模式、TOT模式、TFI模式、ABS模式一、BOT模式（一）概念所谓BOT是Build（建造）—Operate（营运）—Transfer（转让）的缩写。这种融资方式的特点是借助私人投资建设原来要由政府开发的基础设施。其一般做法是：政府部门与投资者签定投资项目的特许权协议，使投资者具有建造经营的权利；项目公司在项目经营特许期内，利用项目收益偿还投资及营运支出，并获得利润；特许期满后，投资者将该项目无偿交还给当地政府。（二）BOT融资模式的优势 1、有助于缓解基础设施建设资金不足的困难 基础设施是国民经济发展的先决条件。基础设施建设周期长,资金投入量大,回收周期长,只依靠政府出资建设远远不够。尤其是民族地区的基础设施相对薄弱的局面对经济发展形成了瓶颈制约,基础设施建设急需大量资金。根据当前经济发展状况,基础设施以ＢＯＴ融资极具吸引力。2、有利于地区行业水平的提高和基础设施的发展我国基础设施建设存在着巨大的发展潜力，其表现为：一是总量远远不能满足需要。目前，我国人均用电量仅相当于世界人均用电量的40%；二是我国能源交通基础设施结构急需调整和升级，这方面普遍存在着内部结构不合理、技术水平低、环境污染严重等问题。然而以BOT模式投资基础设施行业，可以打破国有企业垄断的局面，提高基础设施行业的技术水平、管理水平和经济效益。 3、 促进了整体工业总产值的提高及政府的财政收入的增长 以广西来宾电厂B厂项目BOT融资案为例，早在2002年，来宾市电力生产和供应业实现工业总产值20.13亿元，占全市工业总产值的22.8%，而B厂就实现工业总产值14.01亿元，占全市电力总产值的69.59%。并向政府上缴1.71亿元的税金。据估计，至2010年全市发电总产值将达到50亿元，B