Influencing Factors And Countermeasures Of Private Capital Participating In Infrastructure Construction Projects

China's private capital has made great progress since the reform and opening up. With the development of diversified system of infrastructure investment, more and more private capital to participate in infrastructure construction has become a trend for the development of our socialist market economy. Therefore, in-depth study on influencing factors of private capital participation in infrastructure helps to reduce the risk of private capital, improve the investment return of private capital, promote the standardization of private capital investment in infrastructure construction, achieve fair competition in all economic sectors and promote the building process of infrastructure.Firstly, this paper described the research of domestic and foreign private capital to participate in infrastructure construction. And then, it overvieweded the definition and characteristics of the infrastructure, summarized the connotation of private capital, analysised of the status of private capital participation in infrastructure investment reference to authoritative statistical.Secondly, this paper pointed out that the construction process for our existing infrastructure funding gap, the heavy fiscal burden of government "monopoly" bottleneck, not enough competition in the market phenomenon.The necessity and feasibility of China's private capital participation in infrastructure were discussed by summing up the experience of the privatization of foreign infrastructure construction.Thirdly,combination of Ba-Xin railway and "Bird's Nest" cases, this paper analysised of the reasons for the participation of private capital infrastructure construction process to achieve results and problems encountered from the perspective of the whole process of management of the project, summarized the five major factors, including market access,investment returns,the enterprise's comprehensive strength, the administrative system and financial security. Then it qualitative discriminated the degree of influence of various factors by using the Delphi method. Finally, this paper targeted to make reasonable responses according to the various influencing factors, designed to provide a reference for private capital participation in infrastructure construction.