Research On Distribution Of Benefits Of The Railway PPP Project Stakeholders' Interests Based On AHP-Shapley Value Method

With the rapid development of China's economy, railway construction enters a rapid development time. Railway investment remains in a high level for two consecutive years of 800 billion yuan, The Thirteen-Five High-speed raiwayl plan disclosed that in 2016 railway investment will be more than 800 billion yuan, while the current China Railway's total debt has reached 3.75 trillion yuan. But because of high savings rate, the construction funds of the development of high-speed railway mostly come from national financial investment funds and debt-based, railway construction is expensive, while the payback needs a long period, leading to a huge funding gap, hindering China's railway transportation and economic development. Therefore, the introduction of social capital to promote private investment in railway projects and financing innovation and development is now an urgent problem. In recent years, PPP model has been started in the field of multi-application, if private capital be used effectivily in Chinese high-speed railway construction, the current conflict can be resolved effectively.Currently, in China's railway construction, the application of the PPP model is still very limited, which mainly stays in the theoretical stage, and most of the scholars are studying on risk-sharing, the railway PPP project benefits get litter attention. Therefore, it is necessary to study the mode of Railway PPP benefits distribution. This article first comb through the analysis of PPP model development and rail PPP allocation of development projects of interest, Summary of Analysis of relevant research literature checked, raise the railway PPP project income distribution problem; Then, analysis the nature and characteristics of PPP projects carefully, summarized researches the PPP project stakeholders, describes the PPP project stakeholders who participate in the concept and proposed profit distribution method and Shapley value method. Then, based on income distribution PPP project basic theory and the Shapley value, established railway PPP project stakeholders income distribution model based on Shapley value. Thereafter, risking factors are amended by AHP which first calculated one side risk distribution ratio, so as to establish a research amended Shapley value railway PPP project stakeholders benefit distribution model. Finally, it analysis the distribution of benefits of a railway PPP project in Hubei. By comparing, it's found that the corrected model is reasonable and scientific in theory as well as practical, which bring about the achievement of the ultimate economic and social benefits of the partners.