The Research Of PPP Model On Urban Shantytowns Renovation

As one of the core content of housing security system in our country,Shantytowns renovation is the effective way to solve the problem of the housing difficulties of urban low-income groups. At June in 2015,our country deployed a plan of three-year shantytown renovation.With the large-scale promoting of shantytowns renovation, the shortage of renovation capital caused wide attention, which has become the bottleneck restricting the development of shantytown renovation. So our nation actively promote public-private partnership(PPP) model in hope to fully take advantage of the private sector to crack difficulties in the processing of shantytown renovation.Based on the practical experience in the related fields at home and abroad of using the PPP model and the preliminary practice of using the PPP model in shantytowns renovation of our country, this paper puts forward the PPP model that based on the integration of investment and loans in financial institutions. This model realizes the combination of financial institutions and the PPP model.The paper makes a profound research on the construction of a financing platform and the design of the operation mechanism which solved the problems how to use PPP model in the processing of shantytowns renovation.And the paper focused on research on risk management,which is not only the important content of the security system but also the key of the model.These studies about security system and risk management are conducive to better operation of the model.This paper mainly researched on the following aspects:(1)This paper describes the research background and purpose,domestic and international review of shantytowns renovation and the PPP model.Besides,the paper explains the relevant theoretical concepts, including the connotation, characteristics,operation principle of PPP mode,the concept of shantytowns, the status and history, and the main problems that exist in the transformation process.All the instructions above are for arriving at the conclusion :achieving market-oriented operation by the introduction of social capital is the only way of shantytowns renovation.By the way the feasibility of shantytowns PPP model is demonstrated from the external environment, internal mechanisms and related practices.(2)Through preliminary practice examples analyzed in detail and summaries of related research, with the PPP model of shantytowns, we summed up one key of the shantytowns PPP model is the design of operating PPP model. Article elaborates it from both financing platform and operating mechanism.Paper presents the idea that using of financialinstitutions in the shantytowns capital investment to encourage social capital to participate in the shantytowns renovation.Designing two financing platforms based on two aspects.The first is the integrated investment and loans of financial institutions.The second is the government and financial institutions contribution to increasing the company’s credit.This paper conducted a comprehensive study about the operating mechanism of the model from the flow of funds, functions and relationships of the main parties.(3) The paper states systematically the another key to the successful implementation of the PPP model which is called security system.For this problem,the paper establishes a comprehensive security system from five aspects including policy and legal environment,regulatory system, return mechanism and risk operating system’s safeguards.The security system promote the better implementation of PPP model in shantytowns renovation.(4) Risk management of PPP project is not only one of the core security system, but also the key points for the parties involved to decision-making and negotiation. This paper constructs a multi-dimension risk assessment model based on fuzzy comprehensive analysis in order to ensure comprehensive risk assessment of the PPP project.This article analyzes the case through instances.Providing quantitative basis for the participants when they decide whether to participate in the project and the key of risk-sharing, as well as risk control.At last,designing a framework for risk sharing based on the principle of shared risk and operational processes.