The Research Of Highway Financing Structure Optimization

Since the reform and opening up, China's highway traffic construction undertaking has made a great progress, especially highway construction has made remarkable great achievement. By the end of 2009, national highway traffic total mileage reaches 651 million kilometres, next to the United States, have comfortably in the world. But its and economic construction and social development needs, there is still a gap compared. Meanwhile, lack of funds has been accompanied by national highway construction in China, insufficient funding is long existing expressway construction on the restriction factor, the funding research also has been a hot issue. This paper proposed differs according to local conditions reasonably design capital structure and choose the financing way to solve the problem of highway construction, and financing provide a feasible operation Suggestions and methods.This article from highway construction financing structure of perspective, capital structure and the financing way from two aspects, this paper proposes highway financing structure optimization, the principle and method for solving financing for national highway provides new perspective.More specifically, first from highway financing problems, made clear the research background of research purpose and meaning. Then explain the theoretical basis of the expressway financing, this paper focuses on the structure theory and financing risk theory and combed expressway mode of financing at home and abroad. Then respectively from the legal environment and economic environment in two aspects shows that China's highway financing external environment, through the analysis of the financing channels of highway financing, financing structure and financing risk, summarizing China highway financing status, pointed out that our country highway financing problems. Finally, based on the existing problems in highway financing structure based on the optimization of capital structure and financing from two aspects, and the optimized design in the risk control puts forward relevant preventive measures and Suggestions for our country, in order to provide better expressway construction theory and practice guidance, make national highway sustained, rapid and healthy development.