随着国家政策导向和鼓励,各类资本投入基础设施领域的热情高涨。虽然基础设施项目收益较稳定,但其投资额大、运营成本高、收益培育期较长的特点,要求企业在营运初期就应通盘考虑项目的长期财务规划和资金平衡方案,否则可能面临巨大的财务风险,也可能因短期现金断链让一个好项目被迫易手贱卖甚至血本无归。本文以西部某高速公路项目为例,对影响项目价值的主要因素进行分析,并对该项目在经营期内的收益、现金流状况进行预测,提出基础设施项目在营运期的财务规划和营运初期的资金缺口解决方案。 With the guidance and encouragement of national policies, all kinds of capital have been enthusiastically invested in infrastructure. Although the income of infrastructure projects is relatively stable, the large amount of investment, high operating costs and long-term benefits for development require that enterprises should consider the long-term financial planning and capital balance plan of their projects early in their operation or they may face huge Financial risk, may also be due to short-term cash stranded so that a good project was forced to sell cheap or even lose everything. In this paper, an expressway project in western China is taken as an example to analyze the main factors that affect the project value, and predict the return and cash flow of the project during the operating period. The paper proposes that during the financial planning and initial operation of the infrastructure project, Funding gap solution.