The Research On Highway Financing Of Hunan Province

To accelerate the construction pace of highway, the construction fund problem must be solve at first. As a central province, Hunan Province has lacked the good market environment and rich economic strength as eastern area, at the same time, lacked the support and input power of the government as to the western region. In addition, Hunan Province is weak and poor in government finance. The shortfall of the capital problem is particularly conspicuous. To solve the highway financing in time, is a cardinal task which concerns economic development of Hunan Province. For this situation, this thesis is on research the highway financing of Hunan Province, on the basis of surveying and studying extensively . This thesis, through prediction the demand and supply of highway construction funds of Hunan Province at first, point out the serious shortage problem of construction fund existing in highway construction of Hunan Province and analyze its origin cause of formation; Secondly , by appraise the cost level and financing risk of various kinds of highway construction financing ways separately, analyze its adaptability and feasibility in Hunan Province; Thirdly, analyze the optimizing ways to solve the problem existing in Hunan highway construction financing; Propose the measure to the related mechanism reform of highway construction financing in Hunan Province and relevant policy recommendations finally. This thesis analyze the adaptability and feasibility of various highway financing ways in Hunan Province, and discuss separately highway financing in different periods, in different areas, of different qualities. Till now, many domestic scholars have get some fruit in this field. But localized in toll road financing of the developed eastern regions, and only spread out some financing ways instead of lucubrating the feasibility of various new financing ways in our country, especially in the spacious Midwest regions. This thesis combining the situation of Hunan Province, analyze the advantage and drawback of various highway financing ways on the basis of appraising the cost level and financing risk. This thesis put forward measures to the relate mechanism reform of high grade roads construction financing: To develop the government investment subject form into an indirect direction, on the precondition of national governments are the investment and management subjects of high grade roads; To explore a corporatization mode of high grade roads, setting up the real company of toll road based on "company law". Since corporatization is the effective way to attract private investment, and the foundation of market-based financing. The settlement of the related system reform and the financing problem depends on the policy to a great extend. This thesis propose relevant suggestions separately.