Research On The PPP Model In Liaoning Infrastructure Investment

The PPP model of infrastructure investment is a kind of financing mode which can effectively solve the problem of infrastructure investment and construction under the local financial and debt crisis.In 2016,the State Council promulgated "the Guidelines on the Implementation of the Government and Social Capital Cooperation Projects in the Traditional Infrastructure Field",which advocated two PPP cooperation mode including franchising and government purchasing service,and operating mode mainly includes the BOT,BOO,BOOT,DBFOT,ROT and other types.Although there are many successful cases in China,such as the Beijing Metro Line 5,Hei Longjiang Water Pollution Control and other PPP projects,but still lack the research on the PPP Model in Liaoning Infrastructure Investment,which is not only relative norms,bur also in line with the latest policy and Liaoning actual status.In this paper,based on the realistic conditions of financial difficulty,Liaoning actively explores to carry out the PPP financing mode of infrastructure construction.Based on the theories of government and market relations,quasi-public goods and financial development,this paper studies the methods of literature research,econometric analysis and game analysis.Specifically,using the methods of literature research,combs the PPP operation experience of domestic and external,and gives the applicability of Liaoning recommendations;Combining with the Liaoning Bureau of Statistics data,uses measurement methods to analyze the infrastructure investment effect,in order to highlight the necessity of developing PPP model.using the Game Theory method determine the Pareto optimal solution of the PPP risk allocation of each participant,and give the applicability analysis of Liaoning.This paper attempts to provide valuable theoretical support and practical guidance for the development of PPP mode in Liaoning infrastructure.Based on the logical order of "what-why-how ",this paper mainly includes five parts: the first part,the concept of PPP model and the overview of theories.This paper analyzes the knowledge and shortcomings of PPP in domestic and foreign,and puts forward the understanding of PPP in this paper,introducing the theoretical basis of PPP mode in infrastructure investment to solve the Conception of PPP.The secondpart introduces the current situation and investment effect of Liaoning infrastructure investment,analyzing the necessity,special advantages,development trend and problems of developing PPP model.solving the problem of why to develop PPP mode in Liaoning infrastructure.The third part and the fourth part solve the problem of how to develop the PPP model in Liaoning infrastructure investment.Specifically,the third part,from the four aspects of the PPP stakeholders,financing structure,mode of operation and the specific implementation of the process to give the applicability advice of Liaoning.analyzing the siphon expansion effect of using PPP mode in Liaoning infrastructure.The fourth part,using total section emphasizes the importance of allocating risks in PPP operation,from the Angle of the utility theory,application of Shibor as the risk-free interest rate,calculating the risk premium coefficient,ultimately determining the distribution of Pareto optimal solutions.By both public and private game model extends to multi-player game model,and give the applicability analysis of Liaoning.The fifth part,combining the full text put forward a series of suggestions.