2013, Volume 15, Issue 12
Strategic Study of CAE >> 2013, Volume 15, Issue 12
The financing way and return on investment of Bohai Strait cross-sea channel
1. School of Business, Ludong University, Yantai, Shandong 264025, China;
2. Economic and Finacil Bureau, Ludong University, Yantai, Shandong 264025, China
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Abstract
The Bohai Strait cross-sea passage is a long period,large investment construction project. It's an important problem about the investment, financing, and the return on investment (ROI) of the project. This paper,comparative analysis of the existing cross- sea channels at home and abroad, puts forward that Bohai Strait cross-sea channel can take build-operate-transfer (BOT) financing mode. The internal rate of return (IRR) of this project is about 9.63 %, higher than the social discount rate commonly, which indicates that the project has economic feasibility. In terms of revenue, this is a "multi-win" project for the government, public, investors and many other stakeholders.
Keywords
References
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