Research On The Present Situation And Countermeasures Of Hubei Provincial Government Financing In The Context Of Highway Industrialization

The expressway is one of the infrastructure for the development of modern transportation and the basic guarantee for the common prosperity of our people.It plays an important role in promoting the economic development in all regions.The comprehensive coverage of the expressway network can reflect the economic development of a country Level.In the process of economic development in our country,the expressway in Hubei Province has become an indispensable infrastructure for Hubei's economy and people's life in Hubei.While developing its economy,Hubei's expressway can provide basic services to the public and meet the needs of people's life and development.Due to the large amount of expressway construction project,the complicated project and the long time-consuming project,the construction of expressway in Hubei often requires a large amount of capital investment.However,under the industrialization of expressway,the current situation of financing of Hubei provincial government is studied,It is very important for the development of Hubei's transportation industry and the economic development of Hubei Province as a whole.This paper analyzes the financing situation of the highway government in Hubei Province,and compares and analyzes the four financing modes of BOT,TOT,PPP,and ABS,and introduces the government responsibilities in the process of highway financing,and finds that the current Hubei Province In the process of financing,the government has problems such as lagging concepts,lack of systems,and outdated methods.This is mainly caused by the unsound policy environment,the contradiction between the current system and financing requirements,and the lack of innovative financing model for highways.Therefore,in the future,In the process of the financing of highway industrialization in Hubei Province,a sound legal system needs to be established to establish a stable financing policy framework,so as to create a good financing environment,establish a reasonable financing compensation mechanism,and improve the responsibilities and laws and regulations of the Hubei provincial government guarantee process.Improve and actively guide social capital into the expressway project,and make the Hubei Provincial Expressway change from the "repaying loan repayment road" to the"business management road",change the traditional financing mode,and make the Hubei Province expressway market-oriented and business-oriented development.