Quasi Operational Infrastructure PPP Projecets VFM Evaluation

With the rapid development of China's new urbanization, the public demand for urban infrastructure gradually increased. China's tax system reform has weakened the local government's financial capacity, and the contradiction between the rapid growth of public service demand and the local government's financial capacity has become increasingly prominent. Therefore, the introduction of social capital into the field of infrastructure investment in PPP (Public-Private-Partnership) model has been favored by government departments, infrastructure applications in the field of PPP is increasingly widespread. However,PPP is only one of the options for providing infrastructure products, the government subjective preferences of a procurement model or a negative model is inevitable, the use of scientific quantifiable basis to determine whether the model can be used, whether value for money More fair and objective (Value for Money, referred to as VFM).In this paper, on the basis of insight into the basic theory of VFM, combined with the specific characteristics of quasi operational infrastructure PPP projects in China, built specifically for our country must VFM quantitative evaluation model of operational infrastructure PPP projects.First of all, summarizes the basic theory of the PPP project VFM quantitative evaluation and practice, the quasi operational infrastructure PPP projects in China,the basic operation mode and main features of proposed quasi operational infrastructure PPP projects VFM framework model of quantitative evaluation.And then put forward the frame model of three major parts: public sector compare value (PSC), the PPP (shadow price PPP value and the actual quote the PPP two levels) and internal rate of return (IRR) composition and calculation model, which constitute a complete set of quasi operational infrastructure PPP projects VFM quantitative evaluation model.Finally, the new building of quasi operational infrastructure PPP projects VFM quantitative evaluation model is applied to han supporting nutrient-laden water plant specific environment, according to the specific information and data for empirical research, verified the applicability of the model and feasibility, the choice of the operational infrastructure PPP model for our country provides scientific quantitative basis.This(1) business infrastructure VFM quantitative evaluation model, can effectively improve the early stage of the PPP project decision-making system in our country.The evaluation model on the basis of the PPP project VFM qualitative evaluation, the introduction of quantitative decision-making basis, overcome the qualitative evaluation of subjective bias, and VFM qualitative evaluation complement each other, consummates our country the PPP project prophase decision-making system, change the past give priority to in order to test the decision-making thought,make the PPP project really be more efficient than the traditional management model, improve the standard of operational infrastructure level and speed of students.(2) the introduction of internal rate of return (IRR) of VFM quantitative evaluation method,can ease the quasi operational infrastructure projects in our country, the difficulty of the ground.Some items in our prospective business infrastructure operating income to cover costs,unavoidably reduce social capital to participate in the enthusiasm.This article formulated the PSC and IRR VFM quantitative evaluation method of the combination in the test of the PPP project is more efficient than the traditional government management at the same time.meet the requirements of the private enterprises achieve their own interests, promote cooperation and win-win both sides.(3) the quasi operational infrastructure PPP projects VFM quantitative evaluation and the calculation method of key parameters for the government to provide ideas for the PPP project value evaluation method.In this paper, through summarizing the domestic and foreign literature and the PPP projects, with national practice, and according to the characteristics of the quasi operational infrastructure in our country, summarizes the VFM evaluation mainly relates to the PSC, the PPP values and IRR calculation, and introduces in detail the calculation method of each parameter, for the government to provide ideas for the PPP project value evaluation method.