The Financial Evaluation Of HW Bridge BOT Project

Construction of infrastructure of national economic development plays a veryimportant role, but because of their large investment, long construction period, highrisk, are often restricted by the state or local government fiscal constraints, so to someextent restrict the development of economy. BOT as a foreign or private capital’sparticipation in infrastructure financing, in order to solve this problem provides aneffective way, is its unique advantages in our country more and more infrastructureplay a role in the construction of. However, in the practical application process asuccessful transfer of BOT project is not much, this is mainly because many of theBOT project in pre-feasibility study without adequate financial evaluation, in cannotsatisfy each interest relative interest demand blindly, cause a late appear a lot ofproblems, eventually led to the failure of a project. Therefore, the BOT projectfeasibility research on financial evaluation on BOT project successful operation hasimportant theoretical and practical significance.The BOT project is essentially the infrastructure investment, construction andoperation of a project construction com. This kind of investment operation mode withunique properties, organization structure and operation procedure. It also determinesthe BOT project financial evaluation is different from the general financial evaluationof projects, that shows financial diversity of main body of evaluation, project periodof consideration, specific project comprehensive, the uncertainty of the project clear,management flexibility. Since the BOT project is a major feature of the financialevaluation of main body diversity, based on the balance of government, investor,creditor, contractor and operator five party interests, will need to clear thestakeholders in the BOT project target, and based on these objectives to designappropriate financial evaluation index system.BOT project financial evaluation index system, the main content and the mainmethod of theoretical analysis for HW bridge project financial evaluation provides atheoretical basis. In a clear HW bridge project basic financial data on the basis of thecapital, cost estimation, the total cost of operating income to determine, estimationand financial evaluation index analysis, can be found: project financecontribution69762300yuan, project IRR maintains in3%above, the loan risk indexbetween0.4and0.6(belongs to medium risk), investors benchmark rate of return of 6.5%. Therefore, the project can meet the various stakeholder needs, the projectconstruction has financial feasibility.The innovation of the thesis is: selects the BOT project of five stakeholders, ontheir participation in the project needs and concerns were analyzed on the basis ofconstructing financial evaluation index.