Study On The Application Of TOT Mode In Project Finacing Of Chongqing-Fuling Expressway

Along with the growth of China's economic development and infrastructure construction rapid growth. Expressway construction in the rapid development of the transport infrastructure investment costs are on the rise. Since the construction of infrastructure and the financial needs of the financial capacity constraints and the problem of insufficient investment in the growing significantly, as well as at the same time the government in public construction projects in the high investment, high consumption and low efficiency of the characteristics of the urgent reform of the investment and financing infrastructure systems and open infrastructure sectors to encourage private capital in infrastructure development. In such circumstances, and others have begun to draw on international success means of financing, introduction of foreign investment and private capital to enter infrastructure areas to compensate for the lack of financial funds, which TOT financing method is one of them.TOT as a financing model has the following advantages: First, TOT only means of financing infrastructure projects have been built the right to operate the transfer of property rights do not exist, transferring the stake to prevent unnecessary disputes and disputes. Second, reduce the financial pressure, and promote investment system changes. Third, to enliven the state-owned inventory, preserve and increase the value of state-owned assets;for new infrastructure to raise funds to speed up western China in particular the construction of infrastructure facilities, raise the basis of the operation of the facility management efficiency, improve project quality products. Fourth, the risk small, the project introduced a high success rate. Fifth, the project cost and the relatively low price items. Sixth, less constrained by institutional factors to facilitate foreign investment and domestic private capital to participate in investment in infrastructure and state-owned enterprises.Using TOT Yu-Fu highway financing model is the development of Chongqing Highway urgent needs is to improve the infrastructure in Chongqing Municipality management level for the need to correctly guide and make full use of the non-state investment. The project financing mode through the use of TOT, the recovery of resources to ease the shortage of capital construction projects of contradictions. Enliven the Chongqing municipal infrastructure assets in stock, make full use of cities operating assets to raise funds, and opening up a new way to city management.