Research On The Investment & Financing Of Road In Guizhou Province

Road is vital for a country's economy development, and also possess of rather important strategic significance. But the road construction in our country gets comparatively behind, which hinders the economy development in greater degree. Thus, it is urgent and significant to develop road construction road at present. At the same time, several concomitant contradictions of the fund and pattern in the road construction should be settled as soon as possible.As far as Guizhou Province is concerned, it is one of the poorest provinces in China. The construction of road is quite slow there before 1991, and in that time the economy development is also behind compared with other provinces. From "Eight-Five", Guizhou Province showed great emphasis on investment in road construction, and the construction scale has successive extended, especially from "Nine-Five" to present. But in the process of road construction, a problem came into being. The investment of road construction is mainly come from the central government and partially come from the local government. The lag investment system and the simplification of investment main part result in the low benefit in road construction investment and the severe problem of corruption. On the other hand, as market economy of China develops, the mechanism of marketable operation permeates into all levels of economy activity, and the marketable investment has already been applied in road construction in a certain scope. Marketable investment in road construction can settle the contradiction between backwardness in road construction and the lack in construction fund, and support the persistant, steady, healthy development of national economy. It also increases investment efficiency in a certain degree, and reduces the harm to state-owned assets caused by duty crime.The paper chooses the marketable investment of road construction as theresearcher object. It discusses the investment theory and financing channels of road construction, as well as the BOT mode in item construction. Combined with the present situation in the road construction of Guizhou Province, it analyses the method for Guizhou Province to invest and finance in its road construction. Through a typical case, it points out how to analyse and make decision in several investment and financing schemes in the idiographic circumstance. In that case, it comes to a conclusion that the BOT mode is the best scheme in this circumstance.