Theory And Application Value For Money Evaluation Method To The PPP

Public-Private Partnership(PPP)Financing Model emerged in the 1990 s.This model can not only reduce the pressure on government investment,but also give full play to the private sector in management and control capabilities of project risk,and improve investment efficiency.In China,the application of public projects PPP model is more widely.It can not only solve the problem in the shortage of government funds,but also can improve the quality and efficiency of the supply infrastructure.Presently,PPP project is mainly used in areas such as rail transportation,energy facilities,and utility tunnel which includes user fees and project operated by a small number of government subsidy.Lacked relevant research with respect to the non-profit public schools.Based on mastering the domestic and foreign current situations of the existing PPP mode,this paper selects a non-profit public university as its research object and obtains the following research achievements:(1)Adopt the risk checklist method to identify and analyze the risks existing in the whole process of the public university's project under the PPP mode,establish a risk index system that has the characteristics of the university's project and use the fuzzy math to quantify various risks through the modified Choquet integration,as well as use the ratio method to calculate and determine the proportion of sharing specific risks in the government and social capital party in such projects.(2)Utilize the fuzzy maths method to carry out investing estimation of specific cases,analyze and propose the relevant measures of improving the quantitative calculation and optimize the selection of relevant parameters,such as the discount rate and reasonable profits rate.Carry out estimation adjustments according to the latest PPP project's taxation preferences and the policy of replacing business tax with value-added tax,work out the PPP value and PSC value to analyze whether the university's project can reach cost-effectiveness and establish a performance evaluation system to provide a theoretical basis for evaluating the project's performances in the operation period.(3)Select the non-profit PPP project of a certain public university in Qingdao as the research object,consider the whole process from cradle to the grave and carry out specific VFM calculation according to the established project risk index system and financing estimation mode,thereby concluding that public universities' projects of the PPP modes can improve the quality and efficiency of pubic services and bring benefits to the government,the society and social capital.