The Research Of Highway Construction Investment And Financing In Gansu

Under the guidance of China’s western development strategy, which is a new historical period of building a moderately prosperous society and a harmonious society, the establishment and improvement of the highway infrastructure investment and financing system on how to optimize market financing channels, reduce financing cost, adjust the composition of capital structure, turn a large number of short-term debt into long-term debt, ease the debt pressure, ensure the health of the capital chain orderly and effectively avoid the risk of financial markets in Gansu Province has been put up with, which is according to the successful experience of the eastern regions, central and western regions of China in the construction of road infrastructure, by learning from developed countries’ advanced management practices and successful experiences on relatively underdeveloped areas of highway construction project. Because of the special geographical location and also by analyzing the traffic situation, the problems on highway financing management problems and measures of the funds for better protection of Gansu highway construction project.The essay analyzes the main problems and current situation in Gansu Province highway investment and financing from domestic and foreign investment and financing system, points out the main cause of these problems: 1. Investment and financing management system is too old, which is not suitable for the requirements of a market economy. 2. The lack of an effective social capital which can attract financing. By basic drawing on international and domestic advanced experiences, Combining with the actual situation in Gansu, the essay pointed out that the ownership of highway agencies, the operating agencies, the direct management of the State-Owned Holdings, Shareholding enterprises should form a system and institution which is a link of assets, so that it can construct a three-level of highway investment and financing management system to improve the conception of highway investment and financing management system in Gansu. What’s more, it described at all levels of institutional settings, function discussed in detail. The study of the highway financing construction funds from the foundation approach, methods and institutional money management at this stage is to seek for market-based financing approach for the situation of Gansu Province and give useful advice on how to solve the funds shortage of Gansu highway construction projects. There is also an innovation on how to attract social capital financing. According to the advantages of project financing and Gansu specific circumstances, try the new highway investment and financing construction management, transfer the power of highway construction and operation Such as BT, BOT, PPP and other financing mode which is a viable model in highway construction project investment and financing management in Gansu by drawing domestic and foreign advanced and mature project management experience.