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Sustainability 2015, 7(5), 5720-5734; doi:10.3390/su7055720

An Alternative Model to Determine the Financing Structure of PPP-Based Young Graduate Apartments in China: A Case Study of Hangzhou

1
Department of Engineering Management, Zhejiang Sci-Tech University, Hangzhou 310018, China
2
School of Urban-rural Planning & Management, Zhejiang University of Finance & Economics, Hangzhou 310018, China
3
OTB Research Institute for the Built Environment, Delft University of Technology, 2628 BL Delft, The Netherlands
4
Department of Building and Real Estate, The Hong Kong Polytechnic University, Hong Kong, China
*
Author to whom correspondence should be addressed.
Academic Editor: Marc A. Rosen
Received: 15 February 2015 / Revised: 26 April 2015 / Accepted: 29 April 2015 / Published: 8 May 2015
View Full-Text   |   Download PDF [756 KB, uploaded 8 May 2015]   |  

Abstract

Public-private partnerships (PPP) can be employed to provide public rental housing for young graduates, which has been urgent to achieve social sustainability in China. However, few studies have been conducted to investigate the financing structure of PPPs, particularly the ratio of private investment, which is important in initiating a PPP project. This study develops a robust model to determine the financing structure through considering the uncertainties in operation. A case study in Hangzhou demonstrates the process of the model. The relevant findings provide private investors and the local government with effective references for negotiating the financing structure of a PPP project. View Full-Text
Keywords: financing structure; Monte Carlo simulation (MCS); public-private partnership (PPP); young graduate apartments; social sustainability; China financing structure; Monte Carlo simulation (MCS); public-private partnership (PPP); young graduate apartments; social sustainability; China
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. (CC BY 4.0).

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MDPI and ACS Style

Xu, Y.; Peng, Y.; Qian, Q.K.; Chan, A.P.C. An Alternative Model to Determine the Financing Structure of PPP-Based Young Graduate Apartments in China: A Case Study of Hangzhou. Sustainability 2015, 7, 5720-5734.

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