经营性高速公路合理收益率研究

《公路法》第六十条和《收费公路管理条例》第十四条均规定：经营性收费公路的收费期限按照收回投资并有合理回报的原则确定.但其中对什么是合理回报、如何测定和衡量合理回报一系列关键问题均未明确规定.从合理回报的内涵出发,在分析合理回报影响因素和借鉴相关行业合理回报的基础上,提出合理回报的衡量指标.并从相关行业合理收益的界定方法等角度出发,结合公路行业的特点,提出合理回报率的建议.合理回报的界定弥补了目前法律法规对高速公路合理收益没有明确规定的空缺,为政府主管部门核定高速公路收费年限提供依据,也为改扩建项目收费年限的核定提供参考,有利于高速公路健康可持续发展.

Research on Reasonable Profit Ration for Operating Highway

Article 60 of ＂Highway Law＂ and Article XIV of ＂Toll Highways Management Regulations＂ have stated clearly： the charging years of operating toll highways shall be determined in accordance with the principle of return of investment plus reasonable rewarding. But there is not any regulations on what a reasonable rewarding is, and how to determine and measure a reasonable rewarding. In this paper, starting from the connotation of a reasonable rewarding on the basis of affecting factors analysis and reasonable rewarding references of the industry, the measuring standard for the reasonable rewarding has been pointed out. From the five points of view for defining reasonable rewarding of the related industries, combined with the characteristics of highway industry, a reasonable rate of rewarding has been recommended. Defining of reasonable rewarding, by filling up the vacancies of currertt laws and regutations on reasonable rewarding, which could provide basis for both approval of tolling years by government authorities and determining tolling years of renovation and expansion projects, and which would be beneficial to the healthy and sustainable development of highways.