Research On The Application Of Ppp Investment And Financing Mode Of Expressway Project

As an important part of transportation infrastructure,transportation industry is in a critical period of transition,with the reform of the management system and the continuous deepening of the reform of financial system faced tightening local government debt strict control,because of the two government loan highway cancel,2009 prices of refined oil tax reform,the toll road special cleaning effect,and the impact of monetary policy since 2010,the traffic infrastructure construction financing is facing great difficulties.In this context,it is of great practical value to explore the application of PPP investment and financing mode of highway project,to resolve the local government debt risk,reduce the financial pressure,and open up the financing channel of transportation construction.PPP model is the whole process of cooperation between the public sector and the private sector,emphasizing professional people to do professional things,the parties(including the public)win-win,improve efficiency.The government will in some professional field such as the content of project operations by enterprises,give full play to the initiative and creativity,help to improve the quality of design and construction of the project,optimize the project investment and maintenance plan,reduce the project life cycle cost;the government itself is more focused on the development and supervision regulations,undertake cooperation in policy changes,changes in the economy,land and other risks.This paper according to the highway project PPP financing pattern research,combined with the relevant theoretical basis,based on our country’s highway investment and financing development present situation and existing problems in H expressway project as an example,analyze the typical cases of project characteristics and innovation,the promotion of successful experience and analysis of project cases,existing problems and shortcomings,and then given the countermeasures.This paper holds that the introduction of PPP mode in highway project,without increasing the financial pressure of government departments under the condition of lower cost to build more highway projects,providing higher quality of public goods and services to the public,but also to the private sector to expand the market,technological innovation brings two advantages.Based on the advantages of the government departments and the private sector to see the PPP model,to help resolve local government debt,accelerate the construction of transport needs,the activation of private capital.The H highway project as an example,the feasibility analysis of PPP model to face from the H highway project,PPP H design project,from project cost estimation and project financing,the shareholders,the investment return mechanism to the project PPP financing mode risk control,strengthen the whole design scheme of the H project.Through the design of H expressway project PPP model,found that the project has the investor on behalf of the government does not participate in dividends,traffic prediction base does not reveal all the details of land expropriation risk sharing,reveal the three bright spots,while also facing the implementation in the three aspects of problems and deficiencies,combined with the promotion of value design gives the case project,need to establish perfect traffic PPP system,introduce the incentive and constraint mechanism,cultivate social capital investment environment,strengthen professional management.