Investment and financing study for China's expressway construction

The purpose of the paper is to study the investment and financing methods for expressway construction in China. China is situated in a high-speed developing period, and infrastructure is urgently necessary to support the high growth of Chinese economy. However, shortage of fund in infrastructure construction is an inevitable problem. Through analyzing the current investment and financing system for expressway, and discussing the existing problems, several propositions for perfecting the expressway investment and financing system are put forward. It is indicated that in future, road bond should play an important role in expressway construction. In addition, government should guarantee enough national capital in expressway construction in underdeveloped area, such as west area, in order to stimulate its economic development.