Urban Municipal Infrastructure Investment Economic Efficiency Evaluation Method And Indicators

In order to improve the investment environment gradually, in recent years,every city and town in China has markedly strengthened the constructionof municipal facilities. Our government has reformed investing andfinancing system of municipal facilities, established the developmentdirection of market-oriented and socializing, encouraged foreign capitaland private capital to enter the infrastructural facilities field. Under thenew investment system, it's urgent to improve and perfect the methods ofproject post-evaluation. This paper has chosen economic benefitpost-evaluation as research direction.Firstly, applying public utility theory and project differentiationtheory, expounds and classifies characteristic of cities municipal facilitiesinvestment project. Applying project investment theory expounded howeconomic benefit of the project has come into being, and fixed thedifferent economy analysis method based on the different sort. Citiesmunicipal facilities investment project have been classified into twospecies: profit and nonprofit. Corresponding, stated elementary principleof cost-benefit analysis and cost-effect analysis and put forwardrespective applicability, as a theoretical foundation of this paper.Then, the microscopic perspectives summarized the basic criterion,the foundation data's selection and the report's establishment of FinancialPost-evaluation on the cities municipal facilities investment project underthe traditional investment structure. Analyzed the financialPost-evaluation index of the profit Project and nonprofit Project, andpointed out the need of establishing a new index for FinancialPost-evaluation of the cities municipal facilities investment project underFinance-Construction on Consignment.And then, from the macroscopical perspectives, analyzed the nationaleconomy post-evaluation index of the cities municipal facilities investment project, and pointed out the need of establishing differentindex for financial post-evaluation of the profit project and nonprofitproject. Took the analyzing of the related principal part of the citiesmunicipal facilities investment project as the beginning points, it isregarded the shadow price as the important parameter.Finally, established the different DEA models based on the differenttypes of the cities municipal facilities investment project, completelydiscussed the applying of DEA method in Financial Post-evaluation onthe cities municipal facilities investment project. The case has onlydiscussed the profit project; and the nonprofit project would be educed bymaking corresponding commutation.In conclusion, the paper has fairly completed the discussion on themethods and index of post-evaluation of the cities municipal facilitiesinvestment project, and justified the applicability of DEA method oneconomic benefit post-evaluation.