Sustainable Infrastructure Financing for Small Towns in China : Approaches to Attract Long-Term Capital for Small-Scale Infrastructure Projects

Campanaro, Alessandra ; Reja, Binyam

World Bank, Washington, DC

关键词: INFRASTRUCTURE;    SMALL TOWNS;    FINANCE;    INFRASTRUCTURE FINANCE;    MUNICIPAL FINANCE;   

RP-ID  :  121427

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

China has experienced rapid urbanizationin the past three decades, which has successfully broughtunparalleled economic growth, employment creation andimprovement in living standards. This paper is focused onexploring the feasibility of establishing a pooledInfrastructure Financing Facility (IFF) at the sub-nationallevel to provide sustainable long-term finance toinfrastructure projects in small towns. The paper reviewsChina’s fiscal and infrastructure financing system,including the 2014 amendment of China’s Budget Law andassociated regulations, presents an overview of pooled IFFs,and explores the potential application of a pooled financingfacility in China, specifically for urban infrastructureprojects in the greater Shanghai region.