企业参与天津市示范镇建设的成本效益分析

发布时间：2018-06-09 02:21

本文选题：企业参与 + 示范镇建设　；参考：《天津大学》2014年硕士论文

【摘要】：2005年下半年开始，在推进城镇化的进程中，天津市逐步探索了以城乡建设用地增减挂钩为平台的示范镇建设。按照“试点先行，逐步推开”的原则，市政府先后组织开展了四批挂钩。在示范镇建设过程中，投融资平台公司作为借款人，向银行申请贷款用于项目建设，之后通过土地出让收益归还贷款，达到资金平衡。因此土地能否顺利出让，对投融资平台公司内部资金平衡及示范镇建设的成败起到了关键作用。目前，示范镇建设规模大、建设时间集中，存在着资金难以平衡的问题。学术界对示范镇建设实证方面的研究主要集中在运作模式、建设潜力及建设效益等方面，对资金方面的研究主要是从政府的角度出发的。作为参与示范镇建设的主体，投融资平台公司在参与示范镇建设过程中的成本效益未受到广泛关注，这会使公司承担资金回收风险，在示范镇建设中蒙受损失。本文从投融资平台公司的角度出发，对其在参与示范镇建设过程中的投资、收益及影响因素进行分析。采用非均衡模型及灰色预测模型对其面临的商品房市场及土地市场进行分析；并对示范镇建设过程中的资金流量及预期土地收益情况进行分析。研究发现，天津市示范镇建设规模大，自2008年以来，土地出让市场存在波动，出让收益无法保证。同时天津市商品房市场存在严重的供大于求，示范镇建设融资渠道单一，过分依赖于土地出让收益，增加了风险发生的可能性。因此投融资平台公司在参与示范镇建设时，需要合理选址，选取区位条件好、建设条件成熟的区域优先作为项目区，以保证土地出让收益；同时需要降低示范镇建设对商品房市场的依赖，优化产业结构，实现农民居住社区、示范工业园区、农业产业园区“三区联动”；引入多性质投资主体，拓宽融资渠道，吸引民间资本参与示范镇建设，统筹使用政府各类支持资金，尽可能使用政策性银行融资，降低融资风险。最后以天津星城投资发展有限公司为例，对星城公司参与建设的天津市津南区八里台示范镇建设项目一、二期建设进行了案例分析。
[Abstract]:In the second half of 2005, in the process of promoting urbanization, Tianjin has gradually explored the construction of the demonstration town on the platform of increasing and reducing the urban and rural construction land. According to the principle of "pilot first, step by step", the city government has organized four batches of pegs successively. In the process of building a demonstration town, the investment and financing platform company is a borrower, The bank applies for the loan for the project construction, and then returns the loan through the income of the land transfer to achieve the balance of funds. Therefore, whether the land can be sold smoothly can play a key role in the capital balance of the investment and financing platform and the success or failure of the demonstration town. The research on demonstration of demonstration town construction in the academic circle mainly concentrates on the operation mode, the construction potential and the construction benefit. The research on capital is mainly from the point of view of the government. As the main body of the construction of the demonstration town, the cost and benefit of the investment and financing platform company in the construction process of the demonstration town has not been received. Widespread concern will cause the company to bear the risk of capital recovery and suffer losses in the construction of demonstration towns.
From the point of view of the investment and financing platform company, this paper analyzes the investment, income and influencing factors in the construction of the demonstration town, analyzes the market and land market of the commercial housing market and the land market by using the non equilibrium model and the grey prediction model, and the flow of funds and the expected land income in the process of building the demonstration town. The situation is analyzed.
The study found that the construction of Tianjin city demonstration town has a large scale. Since 2008, the land leasing market has fluctuated and the transfer income cannot be guaranteed. At the same time, the commercial housing market in Tianjin has a serious supply exceeding demand, and the construction of the demonstration town has a single financing channel, which is too dependent on the benefit of the land transfer and increases the possibility of the risk. Therefore, the investment and financing is flat. While taking part in the construction of the demonstration town, Taiwan company needs to select a reasonable location, select the area with good location and mature areas as a project area, to ensure the income of the land transfer. At the same time, it should reduce the dependence of the demonstration town on the commercial housing market, optimize the industrial structure, realize the farmers' residential community, demonstration Industrial Park and agricultural industrial park. "The linkage of the three areas"; the introduction of multi nature investment subjects, widening the financing channels, attracting private capital to participate in the construction of demonstration towns, using various support funds of the government as a whole, and using policy bank financing as much as possible to reduce the risk of financing.
In the end, taking Tianjin Star City Investment and Development Co., Ltd. for example, a case analysis was carried out on the construction project of the eight Li platform demonstration town of Jinnan District, Tianjin, which was involved in the construction of star city.
【学位授予单位】：天津大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F299.27

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