Researching The Direction Of Railway Financing And Investment System Reform Based On The Development Of Joint-venture Railway

The railroad is our country transportation aorta and the popularity transport tools, it plays the important position in our country transportation system. But, the long-term scarcity of capital in the railroad profession has affected the railroad construction speed greatly. In order to collect the fund as soon as possible, speed up the railroad development and make the railroad construction to adapt economy development, the Ministry of Railways are trying to explore the multiplex investment subject of financing and investment system reform positively. It is an import question we faced that how to speed up the railroad financing and investment system reform, overcome the drawbacks of the system and accelerate the financing step, satisfy the fund of railroad to build the large-scale construction, on which is just the writing motive of this article .This paper mainly adopts the method of theory associated with the practice, developing from the joint-venture railroad, mainly utilizes the institutional change theory in neoinstitutional economics, selects several representative joint-venture railway's construction operation process as reference, t makes a summary of our country's railway financing and investment system , The paper not only analyzed the achievement which the financing and investment system reform obtained, but also has thoroughly analyzed the question which in the present system exists. And pointed out that, at present the direction of the financing and investment system reform is to display the joint-venture railroad this kind of construction pattern which can attract the capital easily, simultaneously also must display the government leading role, promote the social capital to enter the railroad profession.The present paper's innovation mainly lies in: First, mainly utilizes the institutional change theory in neoinstitutional economics to analyze the new institutions' appearance and development in railroad financing and investment system reform; Second, analyzes the commonness questions in the financing and investment system reform with the joint-venture railroad's development process, and make the questions in the financing and investment system reform concrete.