NEW MODELS FOR FINANCING AND MANAGING HIGHWAYS: ASSET-BASED ROAD CORPORATIONS IN CHINA

The China International Engineering Consulting Corporation undertook, in 1997, the study of Viability of Asset Based Road Corporations in China as part of the World Bank's transport sector program review. The purpose was to investigate, in a case study format, road administration in China with two specific objectives: to compare (toll) road management in different provinces and to investigate the financial viability of China's toll roads. This paper shows that the three case projects studied, each having different management structures, are all financially viable given the present financing arrangements. However, should the projects be immediately subject to market interest rates and loan maturities prevailing in China today, their financial viability would be uncertain. In a broader context, the World Bank's lending program has enabled China to experiment with different kinds of toll road management structures.

  • Availability:
  • Corporate Authors:

    Kluwer Academic Publishers

    P.O. Box 17
    Dordrecht,   Netherlands 
  • Authors:
    • Ping, L
    • Sanli, Z
    • Talvitie, A
    • Yufu, C
  • Publication Date: 1999-2

Language

  • English

Media Info

  • Features: Figures; References; Tables;
  • Pagination: p. 67-86
  • Serial:

Subject/Index Terms

Filing Info

  • Accession Number: 00768095
  • Record Type: Publication
  • Files: TRIS, ATRI
  • Created Date: Aug 5 1999 12:00AM