Experience and enlightenment of water conservancy project investment

Abstract

This paper summarizes and studies the investment and financing policies of water conservancy related projects in the USA, Japan, Australia, India and Brazil, and then analyses the enlightenment of these policies to such areas reform in China. According to the researches, the U.S. government has increased to broaden financing channels, and local governments, collective and private non-federal government agencies are the main body of financing. Japan’s domestic water conservancy projects are mainly undertaken by domestic water conservancy related development and construction companies. The design and construction of most water conservancy projects in the six major water systems in Japan are mainly undertaken by the Japanese water resources development group. In Australia, water resources and other related resources are in the charge of each state, so water conservancy projects are also in the charge of each state, and the federal government and local government manage them at the same time. For all kinds of small-scale water conservancy facilities, the Indian government encourages private investors to invest, operate and manage them. Brazil has a large investment in domestic large and medium-sized water conservancy projects, for which the federal government has made great efforts in investment and financing. Therefore, China government should make a reasonable distinction between public and non-public water conservancy projects and adopt different investment policies, and should make clear the rights, responsibilities and interests of the investors and beneficiaries, make clear the property rights, and establish an effective project legal person system.