China's Toll Roads To Absorb Private Capital In Research

The paper arranged around three problems: "whether toll road absorb non-government capital", "how to absorb non-government capital", and "how to manage after it entranced". Firstly, using public goods theory and property right theory, the experience of developed country, the paper demonstrated the possibility and necessary of non-government capital be invested in our country toll road realm. Secondly, the paper analyzed that the actuality and existing problem of our country toll road absorbing non-government capital, the factors of influence non-government capital enter highway realm, and the mode choice and concrete way of our country toll road absorbing non-government capital, and put forward a set of complete policy and suggestions about non-government capital entry system, financing system, prompting system, intendance system and ensure system. Finally, to the problem that how to manage the non-governmental capital investor after it entranced, the paper suggest that setting up the relation of government and non-governmental capital investor in three aspects: Concession operation system, establish the modern enterprise system and enterprise governance structure, define the function of governmental profession management; and further analyzed the role of government in the process of nongovernmental capital investing on toll roads.