我国参与哈萨克斯坦基础设施建设投融资模式的选择研究  

The Selection of Investment and Financing Modes for China's Participation in Kazakhstan's Infrastructure Construction

作　　者：高洋[1] GAO Yang

机构地区：[1]新疆职业大学数字商贸学院,新疆乌鲁木齐830000

出　　处：《商业经济》2024年第11期90-95,共6页Business & Economy

基　　金：2023年度新疆“天山英才”培养计划教育教学名师培养项目。

摘　　要：哈萨克斯坦基础设施投融资以国内财政投资为主,但财政投入无法满足需求。哈萨克斯坦现阶段基础设施建设使用比较广泛的四种主要投融资模式包括外国政府双边贷款、国外金融组织贷款、融资租赁和项目融资(BOT)。从适应性、经济性、风险性以及可操作性四个方面,构建哈萨克斯坦基础设施投融资模式评估体系,模糊综合评价显示四种投融资模式均符合哈萨克斯坦现阶段的投融资要求。其中,国外金融组织贷款隶属度最高,项目融资次之,融资租赁第三,外国政府双边贷款最低。分析结果为我国对哈萨克斯坦基础设施投融资决策提供一定的参考。Infrastructure investment and financing in Kazakhstan is mainly based on domestic fiscal investment.However,fiscal input cannot meet the demand.The four main investment and financing models widely used in Kazakhstan's infrastructure construction at this stage include bilateral loans from foreign governments,loans from foreign financial organizations,financial leasing and project financing(BOT).An evaluation system for Kazakhstan's infrastructure investment and financing model is constructed from four aspects:adaptability,economy,risk and operability.Fuzzy comprehensive evaluation shows that all four investment and financing models meet the investment and financing requirements of Kazakhstan at this stage.Among them,loans from foreign financial organizations have the highest degree of membership,followed by project financing,then financial leasing,and bilateral loans from foreign governments have the lowest degree.The analysis results provide references for China's decision-making on infrastructure investment and financing in Kazakhstan.

关 键 词：哈萨克斯坦 基础设施 投融资模式 

分 类 号：F125[经济管理—世界经济]