This paper described the situation of Shenzhen Metro. On one hand, existing lines have been seeing loss for years, and on the other, metro projects in progress call for over RMB100 billion fund demand in the coming three years. However, the government investment is unable to meet such a requirement and social funding is difficult to attract. Under such conditions, Shenzhen Metro explored and practiced the new model of quasi-market - based investment and financing, particularly helped to establish the relevant government policies, obtained the right to use the land covering the metro through market-based bidding, gained partial returns from metro-accompanied benefit, and acquired sufficient preferential loans with confessional interest rates by forming a consortium. This quasi-market-based investment and financing practice meets the fund requirement of construction of the current Shenzhen Metro projects.
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