The Study Of Allocation Of Control Rights Of Metro Public Private Partnership Project

In order to improve the level of infrastructure, to solve the problem of financing infrastructure projects and improve the efficiency of public goods and services, and to solve the problem encountered in practice BOT model, the government is vigorously promoting the PPP model. Deciding better allocation of control rights of the PPP project between the government and the private sector shareholders, and also set rational allocation of the risk and benefit to the main event participants. This will involve to the effort of both government and the private sector shareholder to the event, and ultimately relates to success of the project and the efficiency of cooperation. Therefore, with combining the actual situation in China in the allocation of control rights of Metro PPP project, the recommendation on the company’s ownership structure PPP projects selected configuration and shareholders can be found. The core of the project participants a reasonable income distribution and risk sharing, help to reduce the public project risk, for government to carry out PPP metro project management has some significance.In this paper, the study will be conducted by the following methods:Firstly, using literature reviews. To find the research results at present from looking at the traditional PPP model, the research on the allocation of control rights, the efficient of coordination and PPP project partnership research. From the finding above, ensuring the main topic in this paper is the allocation of control rights of metro PPP project.Secondly, using literature reviews. Giving an overview according to the definition of PPP model, PPP Comparative Analysis of BOT financing mode, each stage of PPP projects and other aspects of the PPP model overview. Then, combining with public goods theory, stakeholder theory, control theory and principal Acting theory describes the characteristics of metro PPP projects, specifically research the subject and scope of this study.Thirdly, using mathematical modeling methods, determining the price charged in the private sector, and the government is determined under the assumption of control over the concession period. To distinguish between this two cases of traffic when operating less than a saturated or operators of passenger traffic reached saturation, optimum decision classification established equity in both PPP metro project in the private sector and pricing decisions of government, government come to a decision criteria when selecting the best equity ratio to help promote the government departments Metro PPP project work, reduce project risk, improve the efficiency of public-private partnerships.Next, using mathematical modeling methods, in the principal-agent theory, a professional company in the construction contractors and operations management provider. For example, a comparative analysis of the government nether select nor choose a professional company as shareholders both cases cooperation earnings under PPP project company shareholders and government departments, the government found that situation to choose a professional company as co-shareholders better than government departments. All investors choose pure shareholder cooperation situations; government departments to choose a professional company as a metro PPP project initiation phase cooperation shareholders, Involve in improve the professional level of the company, improve the expected return of PPP project, and also the expected return of government and social world. The rational method to distinguish benefit and risk will help this project to be done.Finally, using the case study methods, the Beijing Metro Line PPP project concerning the control over the configuration of the project company shareholders and the private sector related to the selected content focus on discussions, analysis Enlightenment project, which will also recalls the whole research.