Study On The Supervision Mode Of Government Investment In Infrastructure Construction Projects

Government investment projects are through financial allocations, the issues of treasury bonds, the use of loans from foreign financial institutions operate large-scale infrastructure projects. Government investment project occupies a very important position in the national economy as a whole; it has a large amount of investment, social impact, and high degree of concern.Since the reform and opening up, China’s economic and social is developing in a high speed. Government project investment scale and rapid inflation, the investment in fixed assets is30.1933trillion yuan, increase of23.8%. The issues of government investment project are becoming increasingly appear, such as the project bidding work is not standard, the project internal management system is not sound, financial management confusion, corruption and waste serious, etc., make the country suffered huge losses, these problems clearly shows that the current government investment project supervision mode exist the bigger shortage.This paper analysis the status and drawbacks of government investment projects in China, combing the basic regulatory system mode of government investment projects in China, the basic regulatory model for non-operating items for the current government investment projects in China exposed undesirable phenomenon, pointed out that the current Chinese government investment projects supervision mode deficiencies. Then, after the theoretical analysis, the paper reference to domestic and international regulatory experience by improving the basic requirements of the regulatory system of government investment projects in China. Furthermore, the regulatory system for construction projects in China’s government investment, governance structure, the agency relationship and lack of incentive and restraint mechanisms in proposed decentralized mode to avoid risk of complicity with the soft environment of regulatory and contract incentives and constraints, system incentives and constraints, market competition and incentive constraints institutional arrangements to achieve a number of policy recommendations for incentives and constraints to guide government investment projects in China to establish regulatory incentives to reduce regulatory costs and improve the efficiency of supervision.