Commercialized Operation of China's Highway Assets Management

Since the launch of reform and opening-up, China s highways have developed very quickly. How to strengthen highway assets management has become the key to enhance the efficien cy of highway network and to ensure assets all preservation and appreciation. With the development and improvement of marketing economy, all provinces and municipalities have made quite a lot prac tice in commercialization of highway assets management. This paper introduces the status quo and the special features of three types of commercialization of highway assets management, including se curitization, transfer of highway operating rights and BOT. Furthermore, it summarizes the major problems of commercialization of highway assets management.