Research On Strategic Financing Expressway Construction In Yunnan Province

Transportation has guiding.fundamental and service function to the economic and social development. The highway is one of the symbols of modern civilization. In recent years. Yunnan gripped the strategic opportunity of "the development of the western region" and "bridgehead", to quicken the steps of the highway construction, to perfect the highway road network. It promoted the adjustment of the industrial structure optimization and provide the powerful transportation security to the province’s economic and social development. However, the province’s highway construction has a far way to go. Yunnan highway development&investment co.. LTD is large state-owned enterprise and undertake the task of setting up the financing platform to develop the transportation enterprise. Because of the special geographical climate conditions in yunnan. the highway construction has the characteristics of difficult.long period and high cost. For a long time.the capital source channel is relatively single, basically rely-on financial capital investment and bank lending support. In addition, due to the the highway construction has many defect:low level of development:charging time is short: low starting point. The highway construction has many restrict:low income:the big funding gap:the single financing channels:the high pledge ratio:refinancing difficult: debt servictrpressure.Based on the above background, on the basis of the related finance theory, this study begins with the Yunnan province highway construction development, policies and financing situation. This study conducted comprehensive investigation research and system analysis and gave objective evaluation of its advantages, disadvantages, opportunities and challenges. At the same time.the study reference the advanced experience of highway construction domestic and overseas.On the basis of SWOT analysis, the study put forward to the financing strategy of highway development in yunnan province.Finally this study determined the train of thought of construction financing of highway in yunnan province and put forward "a win. a solid, a nurturing, a pioneering" of the "four" yunnan province highway construction financing mode. In combination with yunnan province highway construction financing strategic framework, put forward the corresponding countenneasures and measures.