How to understand the BT model under the new urbanization?

Beijing Lv Wei Chuangjing Planning & Design Institute believes that whether it is pension real estate or other types of real estate. Taking the BT model as the leading factor, cooperating with the government to build tourism and leisure public projects can not only build public facilities related to tourism, but also form a number of tourism products, which will be returned to the government for management after being operated by real estate developers for a period of time, or be operated by real estate developers for a long time, or handed over to the government after the real estate developers are fully completed. Such projects include tourism transportation, tourist centers, urban leisure areas, exhibition halls and museums, tourist attractions, large-scale tourism and entertainment projects, and supporting comprehensive public infrastructure and functional development, such as roads, communications, hydropower and other integrated pipe network systems; Its development and construction need a lot of investment, but the market return is relatively difficult. Real estate developers participate in the construction of tourism facilities and the development of tourism projects through BT or preferential support or cooperation from the government, combined with land development.

BT mode, as an optimized project financing and implementation mode developed in infrastructure construction, has attracted many tourist cities to develop and construct various tourist facilities and urban leisure projects including catering, hotels, tourist transportation, various cultural entertainment, sports, recuperation and other material equipment through this mode. Perfect tourist facilities not only provide a strong guarantee for the development of tourism, but also effectively promote the rapid development of tourism projects. This model embodies the "win-win" or "win-win" advantages of local governments leading the development of tourism facilities and tourism projects.

Related Recommended Reading: New Urbanization and tourism real estate Development