Research on Urban Rail Transit Profit-making Model Based on Sustainable Development
Zhang Hong Liu Yong Xie Jianguang (Shenzhen Metro Co., Ltd., Shenzhen 518026)
The paper begins with a study on the attribute of urban rail transit (URT) and its economic characteristics. Targeting at sustainable development of URT, based on economic theories of transaction costs and Externality Theory, etc. and by utilizing benefit-cost analysis, it sums up a model of metro-operating and benefit-returning, and further analyzes the model’s theoretical foundation. For practical operability, it puts forward an applicable model of metro-operating and property-developing. A case study on the profit-making model and investing and financing model of Hong Kong MTR is quoted for identification.