Research On Economic Benefit Evaluation Of SP-BZ Section Railway Project Of Local Railway

Railway is the main artery of the national economy and key infrastructure,can promote the local economic development along the line,improve the regional railway network structure and integrated transport system,while the railway construction is also an important measure for national economic transformation deepening implementation.The construction of the railway project has the characteristics of large investment,long payback period and low income,accordingly,it puts forward new requirements for the feasibility study of railway project construction to improve the reliability and accuracy of financial evaluation to reduce the investment risk and improve the economic efficiency.Economic benefit evaluation Based on the purpose of the analysis of the technical research,the project will evaluate the effect of the project operation period,optimize the feasible plan,achieve rational utilization of resources and improve the social and economic benefits.This paper focuses on the feasibility analysis of the SP-BZ railway project,first introduces the project's situation,then the significance of the project,the development of feasibility study at home and abroad as well as the methods and content used in the article.Introduction.The construction of Shouguang-Zouping-Boxing railway project can promote the economic development of Luzhong area and play an active role in the development of national economy in Shandong Province and Bohai Sea Economic Zone.Then,it analyzes the market and technical feasibility of the project,and comprehensively and systematically analyzes the situation of the fund recovery,and finally carries on comprehensive analysis and evaluation of the economic benefits,and draws the feasible conclusion of the project.The financial internal rate of return is 6.05%,and the internal rate of return of financial capital is 3.07%,which is larger than the railway benchmark return rate of 3%.The financial net present value of the project investment is greater than zero,the project finance Evaluation index is good.The economic internal rate of return(EIRR)of this project is 18.39%,which is more than 8%.The cumulative economic net present value(ENPV)is 1145.83 million yuan.The results of sensitivity analysis show that the project has strong ability to resist risks,so it is feasible to analyze this project from the perspective of national economy.The research ideas and methods can provide reference for the feasibility study of similar projects.