Research On Financial Evaluation Of Guogao Network Project Under Vehicle Purchase Tax Subsidy

In recent years,due to the focus of construction capital investment of local transportation authorities on national and provincial trunk roads,for operational projects such as expressways,they prefer PPP mode construction.In order to further deepen financing and attract more social capital to participate in Hunan Expressway Construction,Hunan Provincial Department of transportation invited public bidding investors for 13 proposed expressway projects.As a social capital party,in order to more accurately grasp the current situation of regional road network traffic flow and scientific and reasonable long-term trafic flow,professional consulting companies are generally entrusted to conduct professional financial evaluation before bidding for PPP projects.Therefore,this paper makes a special research on expressway traffic volume prediction and financial evaluation from the perspective of investors,so as to provide reliable data for the financial analysis of the proposed investment project,and then provide decisionmaking reference for investors’ investment decision-making.Based on the G59 Luci Expressway,the thesis first analyzes the vehicle purchase tax subsidy policy of the Ministry of Transport for the National High-speed Network Project,and analyzes the relationship between financial evaluation and prospective traffic volume;secondly,the research determines the current traffic survey plan.Carried out current traffic survey and analysis;then,the research determined the traffic volume forecasting ideas,the research determined the base year OD matrix obtaining method and completed the calculation,on this basis,the traffic generation forecast,the traffic distribution forecast,the traffic sharing forecast and Traffic distribution forecast,calculated traffic volume forecast results,and carried out traffic volume forecast sensitivity analysis;finally,on the basis of the long-term traffic volume forecast,the financial costs and financial benefits of the project were identified and calculated,and the results of various traffic volume forecasts,Calculated the financial indicators based on the SPV level and the financial indicators based on the investor level for different proportions of car purchase tax subsidies.The results of the financial evaluation can provide a reference for the investment decision-making of the G59 Luci Expressway project investors.The thesis provides a theoretical basis for traffic forecasting,financial evaluation and risk evaluation in the evaluation of investment benefits of expressway projects through the research of main related theoretical knowledge.These theories,models and methods have certain theoretical and practical value and can be used for future highway projects.Use it for reference in the evaluation of investment benefits of construction projects.