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In October 2005, the National Development and Reform Commission formally approved the Beijing subway metro line 4 franchising project, whichmarked that our country started the first franchise subway projects on the mainland.Beijing subway line 4 franchising project is a big important innovation of the Beijing municipal infrastructure investment and financing system reform, which not only relievescentralized pressure on the government in the construction of the subway, but also reduces the government subsidies in the operating period and is beneficial to introduce competition mechanism in the rail transportation industry, providing citizens with a high level of service.

Analysis on Influencing Factor about Decision-Making on Concession Term of PPP Beijing Subway