Research on the Financing Mode of Highway Construction-BOT and ABS

ZHANG Ying

Journal of Railway Engineering Society ›› 2007, Vol. 24 ›› Issue (11) : 94-97.

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PDF(554 KB)
Journal of Railway Engineering Society ›› 2007, Vol. 24 ›› Issue (11) : 94-97.

Research on the Financing Mode of Highway Construction-BOT and ABS

  • ZHANG Ying
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Abstract

Research purposes: This paper resolves the actuality of capital shortage in Chinese highway and puts forward some suggestions in highway project financing.
Research methods: At first, by studying the relevant information, this paper introduces BOT, ABS two kinds scheme based an project financing, which are chiefly used in highway construction, and finds out their advantages and disadvantages. This paper also makes comparison and analysis between BOT and ABS in highway construction by the comparative study method. And this paper also give the reasonable suggestion.
Research conclusion:The highway construction in China requires huge amount of money. For years, the lack of financial support has been a major problem that threats the sustainable and healthy growth in transportation development of our country. Project financing always lies a certain optimum financing pattern in teens of financing cost, financing efficiency, financing risk and the attraction level of the capital both supply and demand in the highway construction. Project financing includes many patterns. It is important to choose the right financing pattern according to the demand of the project. BOT and ABS are fit for highway project financing. Made clear their characteristics and rational utilization, it will solve the problem of the capital shortage in Chinese highway construction

Key words

highway / project financing / BOT / ABS

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ZHANG Ying. Research on the Financing Mode of Highway Construction-BOT and ABS[J]. Journal of Railway Engineering Society, 2007, 24(11): 94-97

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