摘 要

   城市基础设施是城市存在和发展的物质基础，是发挥城市效能的核心。目前，政府拨付于城市基础设施建设的资金远远不足，利用土地储备融资模式正好解决了这一难题。研究城市基础设施利用土地储备融资的成本控制有利于政府垄断土地一级市场，规范市场操作行为；有利于提高国有土地资源价值，保障国有资产增值；有利于保障城市基础设施建设融资目标的实现，保障工程项目顺利实施。

   本文首先分析了城市基础设施利用土地储备融资模式的可行性，并就武汉市城市基础设施利用土地储备融资运作流程进行了深入的探讨。其次，针对我国城市基础设施利用土地储备融资的成本控制现状及面临的风险和压力，总结了当前我国城市基础设施利用土地储备融资模式中亟待解决的成本管控失效问题。在明确成本构成的基础上，本文经过分析和与其他预测方法进行比较提出采用灰色数学模型的方法预测土地储备融成本，运用全过程成本控制和战略成本控制方法，动态、全面地评估土地储备融资成本，确保土地储备收益达到预期目标。同时，本文采用博弈理论分析了政府机构及责任主体两方行为，运用了委托—代理理论，着重分析和构建出了政府机构和责任主体之间的激励约束机制，并将该激励约束机制运用到具体的工程实例中解决了工程实际问题。

   本文的研究涉及经济学、土木工程、管理科学与工程和博弈论等多门学科的交叉和结合，分析了战略成本控制的特点、优势，研究了成本预测的方法及激励约束机制的理论方案和操作途径，并运用到工程实例当中，促进了我国城市基础设施利用土地储备融资理论的发展，为城市进程化的推进起到了一定的推动作用，具有重要的现实意义。

关键词：融资   激励约束   成本控制   土地储备   基础设施  

Abstract

   Urban  infrastructure  is  the  material  base  of  the  existence  and  development  of  thecity as well as the core of giving play to its efficiency. At present,the government fundappropriation  in  urban  infrastructure  is  far  from  adequate,however,this  problem  is  justsoloved  by  the  model  of  using  land  bank  to  finance.The  study  on  the  cost control  offinancing by land bank in urban infrastructure is beneficial in several ways: it helps thegovernment to monopolize the primary land market and standardize the market practices,to  improve  the  value  of  stateowned  land  resources  and ensure  the  increase  ofstateowned  assets,  and  to  obtain  the  fundraising  target  of  urban  infrastructure  and smoothly implement the construction project.  

   Firstly,  this  paper  analyzed  the  feasibility  of  financing  patterns  of  urbaninfrastructure with land bank and discussed the operational process of financing by landbank  in  Wuhan  urban  infrastructure.  Then,  aimed  at  the  current  situation,  risk  andpressure of the cost control of financing by land bank in China’s urban infrastructure, thepaper summarized the inefficiencies of cost control to be solved in this aspect. Finally,based on the explicit knowledge of the components of cost, this paper, through analysisand  comparison  with  other  calculating  methods,  put  forward  a  method ofusing  GreyMathematics  Model  to  calculate  the  cost  of  financing  by  land  bank,  and  of  using  thewhole processof cost control and strategic cost management method to dynamically andthoroughly  assess  the  cost  of  financing  by  land  bank  so  that  the  goal  of  land  reserveprofits can be achieved. And also, this paper employed the Game Theory to analyze theact  of  the  government  and  the  subject  of  liability,  and  the  PrincipalAgent  Theory  toanalyze and buildup between the government and the subject of liability the incentiveand  restraint  mechanism  which  is  applied  to  engineering  example  to  solve  practical engineering problems.

   This paper involves economics, game theory, civil engineering, management scienceand engineering and so on, analyzing the features and advantages of strategic cost controlas well as the theoretical scheme and practice of the incentive and restraint mechanism. Itis so realistically important that it not only promotes the further development of urbanfacility utilizing land bank bailout theory, but also pushes the process of urbanization.

    Key  words: Financing   The  Incentive  and  Restraint   Cost  Control   Land  Bank   Infrastructure