Article(id=1318999671087940476, tenantId=1146029695717560320, journalId=1146123302524792850, issueId=1318999663622079298, articleNumber=null, orderNo=null, doi=10.3969/j.issn.1672-6073.2025.06.004, pmid=null, cstr=null, oa=null, hot=null, price=null, onlineType=0, articleFormat=0, articleType=null, articleTypeStr=null, receivedDate=1741104000000, receivedDateStr=2025-03-05, revisedDate=1758556800000, revisedDateStr=2025-09-23, acceptedDate=null, acceptedDateStr=null, onlineDate=1792403627415, onlineDateStr=2026-10-19, pubDate=1765296000000, pubDateStr=2025-12-10, doiRegisterDate=null, doiRegisterDateStr=null, onlineIssueDate=1792403627415, onlineIssueDateStr=2026-10-19, onlineJustAcceptDate=null, onlineJustAcceptDateStr=null, onlineFirstDate=null, onlineFirstDateStr=null, sourceXml=null, magXml=null, createTime=1792403627415, creator=13701087609, updateTime=1792403627415, updator=13701087609, issue=Issue{id=1318999663622079298, tenantId=1146029695717560320, journalId=1146123302524792850, year='2025', volume='38', issue='6', pageStart='1', pageEnd='147', issueExtLink='null', onlineDate='null', pubDate='1765296000000', pubDateStr='2025-12-10', beforeIssueId=null, nextIssueId=null, price=null, status=1, issueComplete=1, articleOrder=1, issueType=-1, specialIssue=null, createTime=1792403625636, creator='13701087609', updateTime=1792733312669, updator='13701087609', preIssue=null, nextIssue=null, articleTotal=null, ext={EN=IssueExt(id=1320382471334646693, tenantId=1146029695717560320, journalId=1146123302524792850, issueId=1318999663622079298, language=EN, specialIssueTitle=, coverIllustrator=null, specialIssueEditor=, specialIssueAbout=), CN=IssueExt(id=1320382471334646694, tenantId=1146029695717560320, journalId=1146123302524792850, issueId=1318999663622079298, language=CN, specialIssueTitle=, coverIllustrator=null, specialIssueEditor=, specialIssueAbout=)}, issueFiles=null, downloadFileDto=null}, startPage=26, endPage=32, ext={EN=ArticleExt(id=1318999671524148094, articleId=1318999671087940476, tenantId=1146029695717560320, journalId=1146123302524792850, language=EN, title=Research on Early Termination Schemes of Urban Rail Transit PPP Projects, columnId=1152669335454658940, journalTitle=Urban Rapid Rail Transit, columnName=Academic Discussion, runingTitle=null, highlight=null, articleAbstract=
In view of the numerous controversies surrounding urban rail transit Public-Private Partnership (PPP) projects, this paper analyzes the main problems faced by PPP projects during the operation period of such projects. To ensure the stability of urban rail transit operations during the operation period and safeguard the interests of all investors, three feasible solutions are proposed from the government's perspective, with an analysis of their implementation processes as well as their respective advantages and disadvantages. The research concludes that early termination of franchise rights through equity transfer is the relatively superior approach, as it offers strong operability, does not affect normal operations, helps maintain workforce stability, imposes relatively low fiscal pressure on the government, and aligns with policy requirements. Finally, taking China's first urban rail transit PPP project that was terminated during the operation phase—the Fuzhou Metro Line 2 electromechanical equipment PPP project—as a typical case, the study provides a detailed account of the entire process of successfully repurchasing the equity held by private investors and terminating the franchise agreement in advance, with the aim of offering reference and guidance for equity repurchase and exit practices in urban rail transit PPP projects.
, authors=Haiying ZHANG, authorsList=Haiying ZHANG, authorCompany=null, correspAuthors=null, authorNote=null, correspAuthorsNote=null, copyrightStatement=null, copyrightOwner=null, extLink=null, articleAbsUrl=null, sourceXml=null, magXml=null, pdfUrl=null, pdf=null, pdfFileSize=null, pdfExtLink=null, richHtmlUrl=null, mobilePdfUrl=null, reviewReport=null, pdfFirstPage=null, abstractGraph=null, abstractGraphContent=null, abstractVideo=null, citation=null, cebUrl=null, magXmlContent=null, mapNumber=null, fund=null), CN=ArticleExt(id=1318999671977132927, articleId=1318999671087940476, tenantId=1146029695717560320, journalId=1146123302524792850, language=CN, title=轨道交通政府和社会资本合作提前终止方案研究, columnId=1152669335668568445, journalTitle=都市快轨交通, columnName=学术探讨, runingTitle=null, highlight=null, articleAbstract=
针对轨道交通政府和社会资本合作（public-private partnership，PPP）项目存在的诸多争议，分析运营期间PPP项目面临的主要问题。为保障轨道交通运营期的平稳性及各投资主体的利益，从在政府角度提出3种可行的解决方案，并对不同方案的实施流程和优劣进行分析。研究认为以股权移交方式提前终止特许经营为较优方式，具有操作性强、正常运营不受影响、利于员工队伍稳定、政府财政支付压力较小、符合政策要求等优势。最后，结合国内首个在运营期内提前终止合作协议的轨道交通PPP项目——福州地铁2号线机电设备PPP项目，详细介绍如何成功回购社会投资人股权并提前终止特许经营协议的全过程，以期为轨道交通PPP项目退出并回购股权提供借鉴和参考。
, authors=张海莺, authorsList=张海莺, authorCompany=null, correspAuthors=null, authorNote=
, correspAuthorsNote=null, copyrightStatement=null, copyrightOwner=null, extLink=null, articleAbsUrl=null, sourceXml=jAzIYfXAY2+GwjfH94uD5A==, magXml=W6L+cdIEtHY3b6fBh8HdBA==, pdfUrl=null, pdf=TGIt+Y1i3er1V+UwaiI99Q==, pdfFileSize=1869417, pdfExtLink=null, richHtmlUrl=null, mobilePdfUrl=null, reviewReport=null, pdfFirstPage=null, abstractGraph=null, abstractGraphContent=null, abstractVideo=null, citation=null, cebUrl=null, magXmlContent=IU/whsntyeYW4EcAfSZ5hg==, mapNumber=null, fund=null)}, authors=[Author(id=1318999672614667140, tenantId=1146029695717560320, journalId=1146123302524792850, articleId=1318999671087940476, orderNo=0, firstName=null, middleName=null, lastName=null, nameCn=null, orcid=null, stid=null, country=null, authorPic=null, dead=0, email=398066685@qq.com, emailSecond=null, emailThird=null, correspondingAuthor=0, authorType=1, ext={EN=AuthorExt(id=1318999672815993734, tenantId=1146029695717560320, journalId=1146123302524792850, articleId=1318999671087940476, authorId=1318999672614667140, language=EN, stringName=Haiying ZHANG, firstName=Haiying, middleName=null, lastName=ZHANG, prefix=null, suffix=null, authorComment=null, nameInitials=null, affiliation=null, department=null, xref=null, address=Fuzhou Metro Group Co., Ltd., Fuzhou 350009, bio=null, bioImg=null, bioContent=null, aboutCorrespAuthor=null), CN=AuthorExt(id=1318999672933434247, tenantId=1146029695717560320, journalId=1146123302524792850, articleId=1318999671087940476, authorId=1318999672614667140, language=CN, stringName=张海莺, firstName=null, middleName=null, lastName=null, prefix=null, suffix=null, authorComment=null, nameInitials=null, affiliation=null, department=null, xref=null, address=福州地铁集团有限公司，福州 350009, bio={"content":"
张海莺，女，硕士，高级经济师，主要研究方向为产业投融资、财务管理，398066685@qq.com
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张海莺，女，硕士，高级经济师，主要研究方向为产业投融资、财务管理，398066685@qq.com
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