The Research On Mechanism Of Social Funds Withdraw From Commercial Highway Project

China toll-road policy has been implemented since 1984, effectively mitigated the problems of the severe shortage of funds in highway construction, attracted social and foreign investment in the field of road construction, formed the financing mode like "national investment, local fund raising, social financing, foreign investment," greatly accelerated the pace of highway construction and development of our country. As the grade 2 of national investment's toll road gradually retreat from the historical stage, Commercial highway(Private toll road) become an important part about 30% of all toll road in China. The commercial highway operated early have reached or will soon reach operation period, the funds withdraw question is inevitable. Besides, As the government management of commercial highway is not perfect, the phenomenon of social investors out of the project to obtain illegal profit has usual, or because highway toll management and local economic development and the life of the residents have aculeated problems, some project not yet due also faced the out predicament. Therefore, the strengthening research of how to withdraw social funds in commercial highway has important theoretical and practical significance. First, the paper bases on domestic and abroad the management of commercial highway theory and practical experience, as the theory foundation. Second, analysis the necessity of establishing the mechanism of social funds withdraw for commercial highway project, explainning the significance of the mechanism. Then it divides the project out into normal and abnormal withdraw, analysis the promblems with the two kinds and the caused reasons. Fourth, it builds social capital withdrawal mechanism, including the content and elements of withdraw funds, proposes the safeguards of withdraw funds, and the mechanism's operation and function.The main constitution part of the mechanism is the safeguards of withdraw funds. Finally, the withdraw mechanism applied to the case, check out the mechanism operational. The paper aim at the problems of funds withdraw in commercial highway, throught perfect the project out provisions of the franchise contract, amend the project valuation methods ate. The mainly purpose is reslove the problem how to determine the evaluation of project, clearly divide the rights and responsibilities, protect the government and project investors to achieve profit balance.