Investment and Financing scheme design of a high-speedrailway station redevelopment project
MA Sheng-hua, WU Di, WANG Shou-qing
(Department ofConstruction Management & Institute of InternationalEngineering Project Management,
[Abstract]According to the real needs of a high-speed railway station redevelopmentproject in Chengdu-Chongqing area, this paper first analyzes the planningrequirements of the project, indicates the key issues for investorsparticipating the project and proposes a “binding PPP” model for this nonself-liquidating project. Four investment andfinancing schemes for the project are designed. By analyzing and comparing thepros and cons as well as the feasibility of these schemes, “binding a new towndevelopment with the station redevelopment”, is deemed as appropriate. Thestructure of this scheme is further developed, followed by analysis of criticalsuccessful factors associated with this project. It is hoped that theconclusions of this paper would be useful for relevant parties in implementingthis or similar projects inChina.