Research On The Financing Problem Of M Expressway Investment Project

In the wake of the unceasing development of China’s project investment and the increasing number of the investment projects,there are more and more problems in the process of development.Among them,project financing is very important in the implementation of investment projects.In order to ensure the smooth development of investment projects,it is particularly important to solve the problem of project financing.Being not limited to a single way of some kind of financing channel,making a variety of financing into consideration and choosing one or more reasonable financing ways,not only helps investment projects from access to funds through various channels,can also promote the optimization of capital structure,reduce financing costs,maximize the value of investment project implementation.Taking M expressway investment project as the entry point,In this paper,I study the financing method by reading literature,case study,to provide new ideas for solving the problem of investment project financing,which has great practical significance.This text is divided into five sections for studying: Part one,starting from the reality,directly advance the setting as well as the meaning of this study,collects and puts in order the research results of financing structure,financing mode and financing risk of expressway investment projects at home and abroad;The second part The second part collects and sorts out the theories about project financing and displays them.In the third part,the background and general situation of M expressway investment project are introduced from multiple aspects,and the quality and financial status of the project are predicted in detail.The fourth part mainly introduces the financing characteristics,financing methods,financing cost and sensitivity analysis,project risks and countermeasures of M expressway investment project through case analysis.The fifth,summary and suggestion.Through the case study of M expressway investment project,I found the financing problem of expressway investment project.Combined with the spirit of the documents of No.23 [2018]said by Finance and No.26 [2019] said by The State Council and so on,I summarized the registered capital of the "Registered capital + equity instruments + syndicated loans" of highway investment project financing way,thus provides the highway investment project financing a new rules not only conforms to the Ministry of Finance,at the same time this new type of financing mode can be replicated and promoted,is beneficial to rapidly used in the other highway investment project.