Research On Financial Model Of Chongqing Expressway Construction

The construction of expressway is the most important content of national transportation development. However, the limited financial resource could not cater for the tremendous demand of expressway construction. Chongqing is much more serious. According to the fifteenth "five-year schedule" and "three-one-four" general arrangement, about two thousand miles expressway will have been built in Chongqing within 2010. Up to now, Chongqing has finished seven hundred and thirty five miles expressway and about five-hundred-mile expressway has been under construction. Moreover, Chongqing will put about one thousand miles expressway into construction within three years. By estimate, all this will require about several ten billion RMB. Indigent construction fund and unitary financial channel seriously restrict the development of Chongqing expressway. Nowadays, the construction fund of expressway in Chongqing mainly depends on banking loans. But high financial leverage has been put into attention more and more. It becomes the hot topic both in academe and in industry that how to effectively gather the social fund to satisfy the huge demand of expressway construction. The article will begin from looking back on the historic evolve of finance theory, and then in context of the status of Chongqing expressway finance, by comparing with popular financial models, deeply discuss and probe for the effective financial model for Chongqing expressway construction.The article consists of five chapters. The first chapter will briefly introduce the background and content of article and purpose of research. The second chapter will make a theoretic base for article by looking back on the historic evolve of financial theory and financial model. The third chapter will analyze the financial status of Chongqing expressway construction and reveal its rattraps. The fourth chapter will select out effective financial model on base of comparing with popular financial models and make an analysis on pricing and risk of selected model. The last chapter will draw a conclusion on article.