Delineation of the government capital with non-state capital investment in the infrastructure sector

DOI

10.2991/icssr-13.2013.120How to use a DOI?

Keywords

Government capital; Non-state capital; Infrastructure; Investors; Theoretical analysis

Abstract

Non-state capital investment in infrastructure projects has become a key link in Chinese economic reform. Whether public goods are invested by the Government or by private investors should be analyzed according to the specific circumstances. The determination of the scope of non-state capital investment should follow the principle of comparative efficiency, the principle of property rights, the range of benefit principle and responsibilities and rights of the proportionality principle. Based on the principles above, whether there is a charging mechanism is an important distinction condition, and infrastructure project area is divided into commercial, quasi-operating and non-operating items. The principal mode of operation, channels of funds and vesting of rights and interests are determined by the project's property, to ensure the effective operation of the infrastructure investment.

Copyright

© 2013, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Ningchuan Zhang
AU  - Xinyu Zhao
PY  - 2013/07
DA  - 2013/07
TI  - Delineation of the government capital with non-state capital investment in the infrastructure sector
BT  - Proceedings of the 2nd International Conference on Science and Social Research (ICSSR 2013)
PB  - Atlantis Press
SP  - 513
EP  - 516
SN  - 1951-6851
UR  - https://doi.org/10.2991/icssr-13.2013.120
DO  - 10.2991/icssr-13.2013.120
ID  - Zhang2013/07
ER  -