The Research On Running Of Infrastructure Concession

Since1980s,franchise operating mechanism has been introduced into the infrastructure sector,which has challenged the traditional mode of government supply,loosend the regulation on natural monopoly industry,and accelerated the marketization of infrastructure operation.The infrastructure construction plays a great role in national economy and social development,and has become foundation and core of social comprehensive competitiveness.But like most developing countries, China also faces the inefficiency of infrastructure industry operation,which restricts development of this industry and the promotion of social overall competitiveness.To study the issue,the existing literatures mainly focus on infrastructure investment and financing system reform,franchise contract designing,privatization of utility,and project financing,etc.This paper think:franchise mechanism will break up the administrative monopoly and natural monopoly in infrastructure industry.The government is no longer a sole investment subject,and social capital should be introduced through transferring property rights.especially franchise,so investment efficiency of the infrastructure industry will be improved.This article has following innovative ideas:First,it analyses features and development environment of China’s infrastructure franchise mainly through following two aspects:one is balance between public welfare of the infrastructure and profit seeking of social capital,and another is the joint of the government’s dominant and the external market environment.Second, the analysis of the risk-sharing mechanism.Third, it is necessary to perfect governance structure of franchisee.Fourth, by Background Changing, the Role of Government should change.