Study On The Evaluation Model Of Freeway Investment Performance

Freeway is an important component of transport infrastructure in the country’s social economic system. The development of freeway is an impartment embodiment of a country or region’s traffic developed and the overall level of economic development. In recent years, the rapid development of the national economy promoted the transportation infrastructure’s construction. The freeway project construction got unprecedented development. The rapid development of freeway project promoted the traffic high-speeding, dictionaries, and drove the development of national economy. At the same time, it also produced a series of unprecedented significant problems. For this kind of capital source which the most part belongs to the large infrastructure construction project, if it is not in time for the performance evaluation, it will restrict the healthy, stable and rapid growth of our country’s freeway infrastructure construction. Therefore, through the scientific method to systematic evaluate the benefit and influence which is brought by the existing freeway investment project. It cans reasonable forecast for the future investment profit space as well as to use fund efficiently and investors for government financial management and project construction to provide a scientific, accurate and powerful gist.Based on the comprehensive analysis of the existing literature about the performance evaluation, the article detailed states the connotation of the performance evaluation. Then, the basic elements of the performance evaluation are carried on the detailed analysis. The article mainly discusses the related basic theory on the performance evaluation. The relationship between the each related theory is given, and the article also sets up the four cardinal principles which shall be observed when the investment performance evaluation model is established.Based on analyzing the characteristics and economic attribute of freeway investment project, following the principle of performance evaluation system design, and on the basis of the basic theory of performance evaluation, the article defines the content of the performance evaluation of freeway investment. And then the article analyzes the defect performance evaluation index system for the existing freeway investment project. On this basis, the article perfects the basic index system of freeway investment performance. And imitating the thought of V-O-G-C-S framework model, the article concrete analyzes the freeway investment performance evaluation’s content which contains national economic, financial and social impact. And then, it builds the evaluation index system of freeway investment performance. Finally, it gives the standardized method of the basic evaluation indexes which makes the performance evaluation of freeway investment more concise and scientific and standardized.Based on the contrastive analysis of the comprehensive evaluation methods in the performance evaluation field, and combining with the characteristics of freeway investment project, the article selects the grey correlation analysis method which is commonly used in the grey comprehensive evaluation. The article combines the grey correlation analysis method with the objective of empowerment method, and the new method is more objective, scientific and accurate. Finally, the article verifies the freeway investment performance evaluation model by real project, and the verification result shows that the model can accurately and objectively evaluate the funds usage of the freeway investment, and it provides a scientific basis for the decision makers.