Operating subsidies for urban rail transit PPP projects

ZHANG Zhihui; ZHANG Jianhan

doi:10.16511/j.cnki.qhdxxb.2016.25.046

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Journal of Tsinghua University(Science and Technology) ›› 2016, Vol. 56 ›› Issue (12) : 1327-1332. DOI: 10.16511/j.cnki.qhdxxb.2016.25.046

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Operating subsidies for urban rail transit PPP projects

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Abstract

The basic features of urban rail transit (URT) such as the shared operational responsibilities and the partial public ownership determine the public-private partnership (PPP) mode for developing URT projects. In this paper, the use of the PPP mode to develop URT projects is analyzed to study the relationship between the external benefits and government subsidies on the URT. Government regulations were used to develop a model for URT annual operating subsidies that was used to predict the government operating subsidies for Beijing subway line 4 in 2012. Then, the "with and without methods" were used to analyze Beijing subway line 4 in 2012 to determine the external benefits of this project. The results show that the government operating subsidies for Beijing subway line 4 in 2012 were significantly lower than the external benefits and that the government operating subsidies for this project are reasonable.

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urban rail transit (URT) / public-private partnership (PPP) / operational subsidies / external benefits

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ZHANG Zhihui, ZHANG Jianhan. Operating subsidies for urban rail transit PPP projects[J]. Journal of Tsinghua University(Science and Technology). 2016, 56(12): 1327-1332 https://doi.org/10.16511/j.cnki.qhdxxb.2016.25.046

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