The Debt Risks And Control Measures Of ZH Highway

With the rapid economic development, China’s People’s growing demand for highway, built highways, not only can enhance the level of China’s high-speed transport capabilities, and can promote the growth of China’s GDP, the development of land resources development and related industries for optimizing the allocation of resources, improve the investment environment, improve public services, construction, improve the people’s living standard has a very important role. However, a large amount of investment in highways has its own, the long construction period, and long payback period features make the debt problem freeway increasingly prominent.Should be the appropriate size of the debt highway, if the highway is too small size of the debt, on the one hand may result in some social idle funds can not be better put to the highway construction field, not a rational allocation of resources; hand will lead to slow highway construction impact of highway construction and operations. If the size of the debt road is too large, then it is likely to exceed their ability to pay, resulting in a debt crisis, the existence of such a crisis is inevitable but also realistic. Therefore, prevention and control of highways debt risk is essential for the healthy development of the highway.In this paper, the theory of capital structure, financial control theory, the theory of project financing, debt risk theory, First of all, to define the basic content of the debt risk, the risk of experiencing debt elaborated measure of risk identification, risk control of the three phases of risk. In fact, analysis of the basic situation and the debt situation ZH highway construction were analyzed from the formation of the highway debt, improve debt, stabilize the debt in three stages. Again, the analysis of the problems and risks of debt causes where these problems. Fourth, starting from the root of the debt problem, many proposed debt risk control measures from the size of the debt, financing, debt maturity structure of the debt early warning systems.