Sustainable Infrastructure Financing for Small Towns in China : Approaches to Attract Long-Term Capital for Small-Scale Infrastructure Projects
China has experienced rapid urbanization in the past three decades, which has successfully brought unparalleled economic growth, employment creation and improvement in living standards. This paper is focused on exploring the feasibility of establis...
| Main Authors: | , |
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| Format: | Technical Paper |
| Language: | English |
| Published: |
World Bank, Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/108261510833715673/Sustainable-infrastructure-financing-for-small-towns-in-China-approaches-to-attract-long-term-capital-for-small-scale-infrastructure-projects http://hdl.handle.net/10986/28948 |
| Summary: | China has experienced rapid urbanization
in the past three decades, which has successfully brought
unparalleled economic growth, employment creation and
improvement in living standards. This paper is focused on
exploring the feasibility of establishing a pooled
Infrastructure Financing Facility (IFF) at the sub-national
level to provide sustainable long-term finance to
infrastructure projects in small towns. The paper reviews
China’s fiscal and infrastructure financing system,
including the 2014 amendment of China’s Budget Law and
associated regulations, presents an overview of pooled IFFs,
and explores the potential application of a pooled financing
facility in China, specifically for urban infrastructure
projects in the greater Shanghai region. |
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