Abstract
Social overhead capital (SOC) is the basic requisite of national economic activities, which is directly related to competitive power in industry and to the quality of people's living. The improper investment and poor management system concerning SOC during past years caused the lack of SOC facilities in many areas. Furthermore, expected future environment such as: an abrupt increase in SOC demand, a limitation of natural resources, the change of both political and economical situation in and outside the country, the change of the consumers' behavior, the rapid rise of land value will make SOC problems even more difficult. Therefore it is right time to study the long-term investment strategies of SOC for coming 21st century that may provide SOC systematically and efficiently.
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