The Research On Investment Control Of CX Expressway Construction Project

Highway investment,which is an important field of inftastructure investment, is a time and capital-consuming investment but reates to people’s daily life and economic development.In recent years, due to the national priority to infrastructure investment,as well as the huge social an economic benefits brought by the highway construction,it has become a core area of infrastructure investment.However,highway construction project has many problems such as large investment scale and capital expenditure,excessive construction steps,long investment period, insuffcient control of investment and waste of capital.CX Expressway is the first demonstration expressway of the two-type technology in Hunan province, with the total investment reached RMB 7.699 billion. How to manage the construction funds so as to maximize the social and economic benefits is the key concern of CX expressway project. This paper aims to further improve the ivestment effciency and capital usage effciency of this expressway construction,based on a target optimization of the expressway.Firstly, from the perspective of capital control and project and management, this paper describes overseas and domestic current status of investment control and reviewes related theories.Secondly,the paper analyzes investment control of CX Expressway,points out that the problems of the project such as lack of ife cycle costs concept,tedious departmets and personnel,less stringent investment control at design stage,weak link i bidding process,loopholes in measurement and payment process,long completion period and not timely file date transfer.Thirdly, based on the life cycle cost theory, the paper proposes several measures which help establish a capital control system that unified owners,design institutions and construction institutions to improve the work effciency and reduce project construction cost.These measures incude to strengthen the investment control at land acquisition and design stage to optimize organization structure, to streamlet personnel, to refine the investment control procedures in bidding process to strengthen the Measurement and payment links spot visa in measurement and payment to strict control of the completion of project and to transfer file date timely,on order to establish.