Study On The Investment And Fnancing Decision-making Of Of Highway Cnstruction

As the main symbol of modern transportation, Highway is an importanttransportation infrastructure, improved the quality of people’s life level of people, andpromote the rapid development of economy and society. The rapid development andimprovement of the highway network, has important strategic significance to thedevelopment of political, economic, social, ecological, national defense construction.However, along with the development of highway construction, highway and at thesame time, the operational problems have also been highlighted, especially in thehighway project financing, mainly in the unitary subject of investment, financing mode,exit mechanism is not reasonable, the narrow investment management is not perfectetc.. At present, the investment and financing decision-making need to highwayconstruction are analyzed deeply, actively explore to find a suitable investment andfinancing of expressway management system and effective operation mechanism, tosolve our country’s highway construction huge funding gap, and highway investmentand financing management is relatively inefficient. Explore new financing channels forhighway, optimization of existing highway investment and financing structure,improve the investment and financing of China’s highway management theory system,provide the guarantee for the national comprehensive transportation system theformation of efficient. Based on the theory and analysis, combined with the actualdevelopment of Expressway in our country, summarizes the current highwayconstruction investment and financing problems, makes a comparative analysis of theexisting investment and financing mode, on the basis of the highway investment andfinancing decision model analysis. Mainly from the highway investment decision,financing basic highway construction investment and financing principal-agent modeland optimal investment and financing decisions and equilibrium solution three aspectsto carry on the research and comparison of calculation, in order to provide theoreticalsupport for the construction of highway in our country in the development ofinvestment and financing decision.