Shadow Price Analysis Of The Ten The Bid Section Projects Of Beijing Subway No.10 Line

In recent years, the great city traffic problem has been very serious as the rapid development of economy and society and the accelerative urbanization process. City subway is the most effective and perfect choice that solves the great traffic difficult problem. At present, the total networks of 15 big cities in the whole country are planned to reach about 2200 kilometers.The investment and construction the subway has reached a climax. The investment project of the subway has some characteristics, such as enormous investment, long construction period, high running costs, long investment recovery period, and public welfare and so on. Therefore it seems particularly significant to make an economic evaluation of the subway investment project. The conclusion of national economic evaluation determines whether the project is feasible directly. The national economic evaluation of subway project, an important component of project feasibility research, is to confirm the net contribution to national economy of the project. Shadow price is essential for the sake of measuring the expenses and benefits of the project accurately. It can reflect the project's contribution to national economy (benefits) and the reasonable prices that national economy paid for the project (expenses).To begin with the necessity of constructing subway, this thesis expounds that the decision of investing the project of subway is mostly depends on the national economic evaluation, whose crucial conclusion is determined by shadow price. The test proceeds to an introduction of the development progress and application of shadow price in the domestic and international relevant field. The text also studies the theoretical foundation, influence factor and calculating method of shadow price. Base on the premise that the necessity of the national economic evaluation of the project of subway and combining the characteristic of the construction project of subway, the thesis puts forward the methods and parameters that are usually adopted in calculating the shadow price of project of subway. Mainly calculating methods include analysis on opportunity cost, analysis on consumer willingness to pay and cost breakdown method. The text makes a detailed description of the calculating method of shadow price of the project's inputs, running cost and outputs. It combines the background of the tenth bid section project of Beijing Subway No.10 line, introduces the backdrop, essentiality, funds raising and market operating. And the thesis does an empirical analysis of the tenth bid section project combining shadow price; adjusts the investment and operation cost based on economic evaluation by using shadow prices. The shadow price can help the project obtain quantitative analysis information based on qualitative analysis, offer a reliable security for the enterprise to make scientific decision. And when business appraisal coincides with social appraisal, we can know the social appraisal and contribution to the country and society of various foreign trade goods and no foreign trade goods more clearly. The shadow price also can reflect the expense better that national economy need to pay for the project (expenses) and offer a direct basis of evaluating the value of the project of subway in national economy correctly.