Research on the Design of Early Repurchase Clause of BOT Project in Local Colleges and Universities

Abstract

With the rapid development of higher education, the shortage of funds for infrastructure construction in local colleges and universities is becoming increasingly prominent. Therefore, many local colleges and universities actively seek new channels to use social funds to complete infrastructure construction and the financing model of BOT project came into being in the project of infrastructure construction in local colleges and universities. This paper mainly studies the measures of advanced buyback of BOT project in local colleges and universities with the construction projects of student apartment as examples, which constructs the early repurchase clause of BOT project on the base of the reasonable rate of return of investors, which is calculated with the capital asset pricing model (CAPM) and other methods, and which demonstrates the feasibility of the design of this clause from the perspective of investors and local universities.