Domestic private finance project development in China

In the past two decades, hundreds cases of BOT projects achieved both public and private sectors' expectations while many others were under-performance, or even said failure. Past researches suggest that despite of project self complexity and difficulty, its ecological factors play important roles in determining its implementation results. Many BOT project foreign investors in China complained loses in the mid of 1990s; the total number of BOT projects also reduce significantly at the same time. However, a new wave of private capital investing into infrastructure project occurred from the start of new century, though most of players are domestic privately-run company. Whether these flower buds will wither like those in 1990s? This article will explore the new development issues of politics, economics, and social in the China BOT environment. A toll bridge project, Citong of Quanzhou city will be studied according to its ecological aspects. Though it succeeded in the government policy “to input a small amount of public capital, to direct large sum of private money, to achieve the development of infrastructure and economic”, the toll bridge project indicated a series of risks and challenges, such as misaligning with highway because of two different responsible agencies.