Research On Manangement Of Yantai Zhifu Distict Government Investment Program

Influenced by the international environment and the domestic economic policy since 2008, Yantai Zhifu District Municipal Government has kept the government investment project as an important driving force for improving city development, social progress and people’s livelihood. As a result, the investment environment and the service ability have been significantly improved, giving a major push to the improvement of the urban environment and the expansion of the urban space. With the advancement of the urban modernization, the government investment project of Zhifu District increases year by year and has a closer association with major strategies. And as the tool of economic macro-control, it plays an important part in promoting the economic development when ensuring people’s livelihood. In the process of promoting the national management system and the governance capacity modernization, the ideas of "the service-oriented government" in 2005, "comprehensively deepening the reform "in 2013, "promoting the rule of law "in 2014 and other relevant concepts were proposed, which means that the third-party management mode becomes an effective way to transform to "the service-oriented government ", and "administration according to law" provides legal protections for the marketing purchase in the management of the government investment project. At present, according to the new demands of transforming the government function and deepening the market reform, the reform of the government investment project has become an urgent need.The developed economic countries and regions have a high degree of marketization of the public project management and have formed a relatively perfect system. This paper takes Hong Kong, the United States, Britain and France for reference, analyzes the characteristics of these regions’and countries’public project management modes and chooses criteria suitable for China’s government investment project management as a reference to follow.In 2007, on the basis of learning from the experiences of Hong Kong and Shenzhen, and reforming the traditional construction management mode, the first government investment project construction office in Shandong province was set up in Yantai. Following the municipal practice, Zhifu District established the government investment project construction office in 2009. The establishment and management are still in the exploratory stage and are adopting different attempts:For for-profit public projects, the social capital should be introduced to build with the public and private; For non-profit public welfare projects, the government investment project construction office should make the centralized management of the construction. But in practice, there are still many problems needing to be solved:As for the mode of management, the arguments of the project policy decision are not sufficient, temporary headquarters still exist widespreadly, with too many administrative interventions, etc.; As for the investment and financing system, the diversification of the investment subject cannot be truly realized, the financing channels are not wide and the financing structure is unreasonable. As for the organization implementation. The rights, responsibilities and profits are not unified; cost management and contract management are not standard with low professional. As for the supervision, the rule of law and regulations and related policies lag behind, the function of supervision and management functions are overlapped, and the external supervision is weak.Based on the above, this paper mainly by applying the public choice theory, principal-agent theory and other basic ideas of the public economics, adopting the comparative analysis and the empirical analysis and integrating such three aspects of Yantai Zhifu District government investment project’s current status as the financing, organization and implementation, analyzes the reasons according to the existing problems and puts forward such three suggestions-- improving the decision mechanism of the government investment project, expanding the socialization of the government investment project management and improving the supervision and regulation mechanism of the government investment project..