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Parking Policy and Investment Analysis
Pages: 23-27
Year: Issue:  1
Journal: Urban Transport of China

Keyword:  parking industrymarket environmentindustrial policyinvestment analysissmall-cap fundslarge-cap funds;
Abstract: The rapid growth of vehicle production and ownership accompanied by severe shortage of park-ing supply in many cities presents huge challenges to the development of parking industry in China. Based on a market and policy analysis on the parking industry in China, this paper reveals the insufficient support and preferential policies on parking lot construction projects. Then the paper summarizes the main busi-ness model of parking operators and discusses the economy of parking projects with different investment scales. The investment analysis results show that parking projects with small-cap funds has a tight budget control with low gross profit rate, and mainly depends on economies of scale. It is also discovered that in-ternal rate of return and payback period of parking projects with large-cap funds are difficult to reach large investment requirements without adequate support of industrial policy. Finally, the paper emphasizes that effective policy support especially on commercial facilities management are needed to promote the devel-opment of parking industry in China.
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