Determination for the value of highway tolling rights and roles in financing by transferring of highway tolling rights;

Combining assets appraisal theory with the characteristics of toll right, this paper discusses such basic theory of toll right appraisal as defining the valuation of toll right, choice and analysis of valuation approach, and market analysis of toll right.

Empirical analysis through grey prediction GM(1,1) shows that the GM(1,1) model used in the present earning value method for evaluating the price transference is quite accurate and it is also proved that the GM(1,1) model is more suitable for predicting the price transference of toll road management right than the traditional statistical models.

Reform for maintenance mechanism of toll road in China;

During the concession negotiation of toll road,one of the core problems is tariff determining and reg- ulating.

This paper expounds the problems existing in the management of our country s toll highway and the actual significance of normalizing the management of the toll highway, and puts forward some concrete measures for further normalizing the management of our country s toll highway.

The catholicity problems of second-class toll highway in Anhui Province such as large range of toll highway,high toll criteria,low charge efficiency,unreasonable arrangements of toll booths,heavy burden of debt,etc.

The influencing factors for debt risk of toll highway were systematically analyzed,as a result,the debt risk not only came from insufficient government financing,high cost of construction and maintenance and low ratio of debt repaying to incomes,but also expressway traffic volume diverging,inflexible financing methods and high management cost.