Please use this identifier to cite or link to this item: https://doi.org/10.1680/mpal.2010.163.4.143
Title: Institutional innovation and financing infrastructure in Xi'an
Authors: Tan, W. 
Dong, X.
Keywords: Infrastructure planning
Procurement
Public-private partnership
Issue Date: 2010
Source: Tan, W.,Dong, X. (2010). Institutional innovation and financing infrastructure in Xi'an. Proceedings of Institution of Civil Engineers: Management, Procurement and Law 163 (4) : 143-149. ScholarBank@NUS Repository. https://doi.org/10.1680/mpal.2010.163.4.143
Abstract: This paper provides an account of institutional innovations in the city of Xi'an, China to access funds for infrastructure development within the constraints of central government directives. The analysis is guided by a simple framework that explains institutional changes based on the rational choice of agents. A case study is used to explore the institutional mechanisms, and these are supplemented by quantitative data. The main findings are that the Xi'an city government is less reliant on central government funds for financing infrastructure projects, thereby providing it with considerable autonomy and incentive to act by establishing a new investment vehicle, the Xi'an Infrastructure Investment Group. The bulk of funds actually came from internal sources through taxation and self-raised funds. In recent years, attempts were made to access private capital through the bond market and public-private partnerships, forcing Xi'an Infrastructure Investment Group towards greater transparency and better corporate governance. However, several issues remain, such as those pertaining to corporate governance, stop-go limits on user charges, and vulnerability of infrastructure projects to the property cycle because of its system of land assignment.
Source Title: Proceedings of Institution of Civil Engineers: Management, Procurement and Law
URI: http://scholarbank.nus.edu.sg/handle/10635/45737
ISSN: 17514304
DOI: 10.1680/mpal.2010.163.4.143
Appears in Collections:Staff Publications

Show full item record
Files in This Item:
There are no files associated with this item.

SCOPUSTM   
Citations

1
checked on Dec 4, 2017

Page view(s)

81
checked on Dec 7, 2017

Google ScholarTM

Check

Altmetric


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.