Research On The Investment Decisions In Local Infrastructure Projects

The economic development level of our country has increased significantly since thereform and opening-up, and infrastructure investment scale expands unceasingly. At thesame time, investment structure distortion, redundant construction and blind investmenthave been the major problem. Lower investment management level and efficiency is theoutside performance of infrastructure investment, and the root cause lies in infrastructure,especially the local infrastructure investment project investment decision-makingevaluation system and the procedure of chaos and anomie.Firstly, the system sorts out the basis for decisions to invest in infrastructure projectsevaluation theory recent research, and investment theory from infrastructure projects,infrastructure projects and infrastructure investment decisions theoretical evaluation ofinvestment decision theory on three aspects of infrastructure project investment decisionstheory evaluation tracked the source, which made the evaluation system infrastructureinvestment decisions. Infrastructure investment decisions evaluation system, includingfinancial evaluation of investment projects, investment projects and investment projects ofnational economic evaluation of social evaluation of three aspects, including: Financialprimarily by profitability, solvency, capacity development in three areas indicators to beevaluated; social benefits are mainly evaluated by social internalization, shadow projects,direct valuation method, the indirect method of valuation of these four methods; nationaleconomy mainly through economic internal rate of return (EIRR) and economic net presentvalue (ENPV) two indicators to evaluate.On the basis of detailed analysis of basic situation, the use of building infrastructureinvestment decision evaluation system, is important to A city transportation center of localinfrastructure project investment decision-making evaluation. After evaluation, found:Financial evaluation shows that A city traffic center project can through the dailybusiness activities to create earnings to pay back the previous, can meet the requirementsof loan repayment, calculation, according to the requirements of loans to all within threeyears to repay the loan, from the perspective of financial evaluation is feasible.Social benefit evaluation results show that the transportation center of investmentproject Anderson, can reduce the transportation cost, improve the understanding ability of areas, accelerating the economic development of the city and surrounding areas,improve vehicle real load rate, decrease the rate of empty, reduce the number of trafficaccidents, so as to create A larger economic Benefit for the society. In addition, can alsoimprove A city road passenger transport services infrastructure, provide passengers with Asafe, comfortable, efficient travel environment conditions.National economic evaluation shows that the whole national economy get not onlysocial average profit, but also get the excess of social and economic benefits. In thisconstruction project economic internal rate of return is greater than the social discount rate,shows that these projects take fund’s net contribution to the national economy abilitycompletely reached the goal, the investment scheme is feasible.