The Urban Rail Transit Project Evaluation Model Based On The Economic Value Added Theory

Urban rail transit is an important part of urban infrastructure construction. The development of urban rail transit is the key to the urban infrastructure construction. In order to achieve the comprehensive evaluation of urban rail transit project, optimize the allocation of resources and improve the level of investment gain, the paper develops the urban rail transit project evaluation model research. By analyzing the concept, classification and characteristics of urban rail transit project, the basic theory of urban rail transit project has been clear. Based on the analysis of the urban rail transit project evaluation theory, it puts forward the current urban rail transit project evaluation method based on the net present value has limitations. It doesn't take into account the capital cost of the project, and the evaluation index are not comprehensive enough. Economic value added, which is more realistic than the traditional project evaluation index, can reflect the economic benefits of urban rail transit project. Using economic value added theory in urban rail transit project evaluation is very necessary. Based on the analysis of the economic value added theory, the urban rail transit project evaluation index system and the urban rail transit project evaluation model based on the economic value added theory are established. It can guide the scientific decision of urban rail transit project.