Rules and Regulations of Financing Infrastructure Road Transport Projects through the Capital Market of Iran

At the time, using the capital market capacities is assumed as an important choice to raise funds for government and infrastructure projects, which needs a good provision of rules and regulations. The main objective of this research is to study the rules and regulations related to the infrastructure road transport projects financing, as an important sectors of infrastructure, through the capital market. The methodology of this study is the mixed method. First, a systematic review was done and several half-structured interviews were undertaken with experts until the primary framework was designed. To approve the primary pattern and ensure its suitability, the Delphi technique was applied using questionnaires and interviews. In the fields of roads, capital market and university, 42 questionnaires were filled, 28 interviews were carried out and 9 group meetings were held. Subsequently, the qualitative and quantitative results were compared and concluded according to the triangulation method. Finally, some changes were proposed to facilitate the financing of road projects through the capital market.