Abstract
With the overall weakening of the macroeconomic situation, the investment growth in Beijing-Tianjin-Hebei continued to slow down. This article focuses on the reform and innovation of investment and financing models in the vertical and horizontal collaborative construction of Beijing-Tianjin-Hebei infrastructure. Under the framework of the PPP model, this article discusses how to design a market-oriented platform of infrastructure investment and financing model, introduce and use private capital, build remote capital access and exit mechanism, measure the government’s financial capacity and financial risks in the PPP model, set up PPP institutions, and improve relevant laws and regulations to make the infrastructure construction and operation more efficient, thus promoting the coordinated development of infrastructure construction in the Beijing-Tianjin-Hebei region.
Highlights
Introduction ePPP investment and financing model is conducive to making up the funding gap in infrastructure construction and improving the efficiency of infrastructure construction and operation. is model has been implemented in foreign countries for nearly two centuries, and the relevant studies are relatively sufficient.e introduction of the PPP model in China is relatively late, and related studies are gradually deepening
Based on the theoretical analysis and experience summaries, this article aims to clarify the power and responsibilities between the central and local government, and between the government and social capital. us, the investment and financing model obstacles can be eliminated in the process of the coordination of infrastructure construction in the Beijing-Tianjin-Hebei region. e basic responsibility and risk undertaking model between the government and private organizations can be built, and a set of reform and innovation plans about investment and financing model can be formed [21, 22]
Based on the theoretical analysis and experience summaries, this article aims to clarify the power and responsibilities between the central and local government, and between the government and social capital. us, the investment and financing model obstacles can be eliminated in the process of the coordination of infrastructure construction in the Beijing-TianjinHebei region. e basic responsibility and risk undertaking model between the government and private organizations can be built and a set of reform and innovation plans about investment and financing model can be formed. ose plans are conducive to the vertical and horizontal collaborative construction of the Beijing-Tianjin-Hebei infrastructure [50]
Summary
Received 2 September 2021; Accepted 15 November 2021; Published 15 December 2021. With the overall weakening of the macroeconomic situation, the investment growth in Beijing-Tianjin-Hebei continued to slow down. is article focuses on the reform and innovation of investment and financing models in the vertical and horizontal collaborative construction of Beijing-Tianjin-Hebei infrastructure. Is article focuses on the reform and innovation of investment and financing models in the vertical and horizontal collaborative construction of Beijing-Tianjin-Hebei infrastructure. Under the framework of the PPP model, this article discusses how to design a market-oriented platform of infrastructure investment and financing model, introduce and use private capital, build remote capital access and exit mechanism, measure the government’s financial capacity and financial risks in the PPP model, set up PPP institutions, and improve relevant laws and regulations to make the infrastructure construction and operation more efficient, promoting the coordinated development of infrastructure construction in the Beijing-Tianjin-Hebei region. E Studies on PPP Investment and Financing Model Cases Another type of literature discusses the applications of the PPP model in China from the case analysis. Yuan [19] analyzed 15 factors that promote the development of China’s transportation PPP project from the perspective of the public sectors, taking the PPP project of Beijing Metro Line 4 as an example [20]. Based on the theoretical analysis and experience summaries, this article aims to clarify the power and responsibilities between the central and local government, and between the government and social capital. us, the investment and financing model obstacles can be eliminated in the process of the coordination of infrastructure construction in the Beijing-Tianjin-Hebei region. e basic responsibility and risk undertaking model between the government and private organizations can be built, and a set of reform and innovation plans about investment and financing model can be formed [21, 22]
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