Considering the contradiction between construction intentions and financing conditions in China, this study employs a case study method to examine the investment and financing model of the London suburban railway. First, this paper outlines the general overview, operational process, and social and economic benefits of the Crossrail suburban railway line. Next, it analyzes and discusses the proportions and amounts of investment from central and local governments, as well as the contributions from various beneficiary entities within the “coinvestment by central and local governments+contributions by beneficiary entities” model. Finally, the investment and financing experience of Crossrail is summarized from the perspectives of central and local coownership, attracting social beneficiaries, TransitOriented Development (TOD)Integrated Development, and attracting other transportation enterprises. The results of this study can provide reference for the investment and financing of suburban railway and the entire urban rail transit industry in China.

London suburban railway  /  Crossrail  /  investment and financing mode