An Alternative Model to Determine the Financing Structure of PPP-Based Young Graduate Apartments in China: A Case Study of Hangzhou

Sustainability

Yelin Xu¹  Yi Peng²  Queena K. Qian³  Albert P. C. Chan⁴ 

[1] Department of Engineering Management, Zhejiang Sci-Tech University, Hangzhou 310018, China; E-Mail:;School of Urban-rural Planning & Management, Zhejiang University of Finance & Economics, Hangzhou 310018, China;OTB Research Institute for the Built Environment, Delft University of Technology, 2628 BL Delft, The Netherlands; E-Mail:;Department of Building and Real Estate, The Hong Kong Polytechnic University, Hong Kong, China; E-Mail:

关键词: financing structure;    Monte Carlo simulation (MCS);    public-private partnership (PPP);    young graduate apartments;    social sustainability;    China;   

DOI  :  10.3390/su7055720

来源: mdpi

【 摘 要 】

Public-private partnerships (PPP) can be employed to provide public rental housing for young graduates, which has been urgent to achieve social sustainability in China. However, few studies have been conducted to investigate the financing structure of PPPs, particularly the ratio of private investment, which is important in initiating a PPP project. This study develops a robust model to determine the financing structure through considering the uncertainties in operation. A case study in Hangzhou demonstrates the process of the model. The relevant findings provide private investors and the local government with effective references for negotiating the financing structure of a PPP project.

【 授权许可】

CC BY   
© 2015 by the authors; licensee MDPI, Basel, Switzerland.