Research On The Innovation Of Expressway Investment And Financing In China

In our country, a basically specialized highway system has been formed. As the national economy develops, much attention has been paid to the construction of parts of the infrastructure increasingly since china's reform and openness, and the expressway construction, one of the most important traffic projects for basic facilities, has become a focal point to which much concern is given. For this reason, through having combined the theories of economics and investment with the actual and present facts of expressway construction in our country, and having used the advanced experience of other countries for reference, the thesis expounds and proves the reform of expressway investment and financing system. The main points are as follows.1. By means of definition of expressway, the thesis points out that expressway possess the natures of quasi-public goods so that service charge can be collected. Therefore, the obstacles of compensable service of expressway funds have been removed on the theoretical plane.2. The thesis approaches the contents and characteristics of the objects and models of the expressway investment system under the market-oriented economy circumstances in our country, and approaches the feasibility and necessities of introducing BOT and so on.3. By way of a comparison of the expressway investment and financing system of other countries, the thesis finds out the successful experiences that merit attention and obtainable inspiration.4. On the basis of analyzing the current situation and present problems, the thesis shows clearly the orientation of the reform of the investment and financing system of expressway construction, that is, making use of market mechanism to raise funds, to operate funds and transfer the power of operation.