Exploration on Investment of Sponge City Construction in China
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Abstract
In 2015, the Central Government of China has announced its plan of investing 86,500,000,000 Chinese Yuan(approx. $13.4 billion) in 3 years on the project “Sponge City” in 16 selected cities, approximate construction area being 450 kilometer square. These 16 cities are selected due to their urgency, necessity, and construction probability. With rough calculation, 0.2 billion per kilometer square is a huge investment; what is the corresponding criteria for this selection of 16 cities? In the future 15 years, how many more cities are going to be engaged in this project? What is the volume for investment in a comprehensive perspective? For such large scale of funds, what type of system has to be developed in order to interest enterprises and inspire them to engage in this process? What kind of legislations and policies regulating the behavior of participants are to be established so that this long-benefiting project can profit the people as long as it could be? This article will expand its discussion revolving around these questions.
Keywords
Sponge City/Investment
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