Y. Hayashi et al., THE EFFECTS OF ECONOMIC RESTRUCTURING ON CHINA SYSTEM FOR FINANCING TRANSPORT INFRASTRUCTURE, Transportation research. Part A, Policy and practice, 32(3), 1998, pp. 183-195
Since the late 1970s, the Chinese government has introduced new measur
es based on a Beneficiary-Pay System for financing transport infrastru
cture. In this paper, first we review the changes in the system for fi
nancing transport infrastructure over the last 50 years in China and a
nalyze the characteristics of the current system. Second, we compare t
he Chinese Beneficiary-Pay System with those implemented in the U.S. a
nd Japan. Finally, we highlight several problems in the present Chines
e system, focusing mainly on the Beneficiary-Pay System, and derive po
ssible solutions for them. (C) 1998 Elsevier Science Ltd. All rights r
eserved.