Study Of Financing(PPP) And Operational Mechanism In Public Project

Most of the government public projects have the property of the public products, so it is necessary for the government to do a decisive influence on its construction and management. But, with the development of the society, it does not correspond with the demand of developing the national economy, if it only depends on the national finance. According to it, it becomes urgent that innovating the present financing manners and improving the investment efficiency in our government public projects constructing through attracting the private business to join the public projects.PPP mode means together develop the government public project by government cooperating with private business so that can obtain interests separately, and in company with each other take on responsibility and risk of the investment. It has characteristics of supplying a want, improving efficiency and social and welfare service, and satisfying the public with demand by with the help of private business.In this paper, firstly, we study many relevant papers, apply the public product theories to study sorts and characteristics of the public product, and then synthetically discuss the property and corresponding financing manners of the public project.Secondly, by analyzing the origin and development of the PPP mode in England, comparing the same and different characteristics between the overseas and domestic PPP mode, explore the general experience and framework of the PPP mode, which includes the financing procedure (project building, study about feasibility, choose for cooperation partner, construction, management and handover), system arrangement, government managing mechanism(law guarantee, contract supervising, high efficiency price fixing implement). Finally, by concluding and studying, combining with the domestic facts about public project construction, propose the premise, management mechanism, system limits and policy advices.Because of the absence of systematic and continuous datum in domestic government public projects, it is difficult to integrally compare and analyze, so combining the theories and application examples, we uncover the foreground, intrinsic motive and corresponding system, and propose to build the management mechanism adapting to our facts.This work is supported by NSF (No. 70672011) and NSF of Chongqing Grant #CSTC (2005CE6049) to Xiaosu Ye.