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1.铁路融资现状分析 随着铁路与市场的融合,铁路融资格局发生了明显变化。一方面国家投资在铁路资金来源中的比重下降,打破了铁路依赖国家取得主要建设资金的可能性;另一方面,由于铁路市场观念的滞后以及其他运输方式的冲击,铁路市场形象受损,通过资本市场直接融资等传统融资方式成本加大;再者,由于铁路项目具有建设周期长、资金回收慢等特点,信用级别不高,影响了资本市场的融资效果。这些原因促使铁路必须进行融资方式创新,开辟新的融资
1. Railway Financing Status Analysis With the railway and market integration, railway financing pattern has undergone significant changes. On the one hand, the proportion of state investment in the sources of railway funds has dropped, breaking the possibility of obtaining major construction funds from railway-dependent countries. On the other hand, due to the lag of the railway market concept and the impact of other modes of transport, the image of the railway market is damaged and passed In addition, due to the long construction period and slow recovery of funds, the credit rating is not high, which affects the financing effect of the capital market. These reasons prompted the railway must be innovative ways of financing, open up new financing