Study on the Application of The Income Approach in The Valuation of Road Toll Rights

Shuangshuang Chen

doi:10.54097/fbem.v9i2.9136

Authors

Shuangshuang Chen

DOI:

https://doi.org/10.54097/fbem.v9i2.9136

Keywords:

Road toll rights, Asset valuation, Present value of revenues approach.

Abstract

Highway toll rights are intangible assets dependent on the physical assets of highways, and their value assessment differs greatly from that of general intangible assets. On the basis of elaborating their special characteristics, this paper analyses the theoretical basis and calculation model of the present value of revenue method in the valuation of highway toll rights, and puts forward policy and technical suggestions for the future application of the revenue method in the act of transferring toll rights.

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References

Ministry of Transport of the People's Republic of China. Measures for the transfer of interests in toll roads. Order No. 11 of 2008.

Xu Haicheng. and Li Qing,“Deficiencies of the revenue method of assessing road toll rights and its countermeasure suggestions,” in 2011 Price theory and practice, pp. 36-37.

Dong Mei,“ Defects of the revenue method in assessing road toll rights and its countermeasure suggestion,” in 2016 Chinese and foreign entrepreneurs, pp. 221-222.

Zhao Limei, “ Research on the application of income method in the valuation of road toll rights,”in 2018.