| The PPP is a kind of government and social capital project operation mode of cooperation,there are many advantages like ease fiscal constraints,improve the quality of service,by optimizing the allocation of risks to reduce the construction cost and promote economic growth and market reform.So it be promoted and applied in our country in recent years.About PPP project legal system is not perfect in our country at present stage,the policy is still need to improve,and too much attention to its financing function,ignoring the price risk management,the project has caused part of the PPP project failure.Taking a horizontal xiema expressway to CAI home-xiema tunnel road engineering PPP project(hereinafter referred to as the "xiema" project)project price as analysis object,according to the principle of the optimal allocation of risks to the project price risk management plan formulation and quantitative work is studied,and put forward innovative to meet difficulties in the process of solution,for subsequent PPP project construction provides the certain reference value.Firstly,by analyzing the development situation of the PPP mode,project risk management and so on,to summarizes the characteristic of the PPP mode.And the same time,combine with the characteristics and the environment of the "xiema" project,to determine the return on investment mode and operation mode in the project.It through the owner and social capital to form of SPV company operate and belong to the BOT construction mode.The specific way of return on investment is the government to buy the service.The government pays the project's franchisees proceeds to the SPV company through a given project price.Secondly,using the limit price method and based on the pricing principle that "let social capital profit but not profiteering",to establish the project price calculation model and determine the calculation formula.And then,the price influence factors of the project are analyzed.The factors are the cost of construction investment,the maintenance fee,risk fee,comprehensive return and forecast traffic volume.It also puts forward some innovative ways to solve the difficulties encountered in the modeling process.Thirdly,the project price risk management plan was established through qualitative analysis of the price influence factors of the project.Including the risk sharing plan:The risk of land expropriation and demolition in the construction investment fee and the risk of major design change shall be borne by the government;The risk of the interest rate of the loans in the comprehensive return and the risk of the forecast traffic are Shared by the government and the social capital;The risk of the construction cost of the construction investment?The risk of the maintenance fee?The risk of the risk fee And the remaining financial cost risk in comprehensive return are borne by the social capital?And the Risk quantification implementation plan:The risk factors borne by the social capital are quantitatived in the form of lump sum fee;the Risk factors that are fully assumed by the government are not considered when calculating the price of the project,Renegotiate when it happens;The risk factors that are shared by the social capital and the government are handled in a way that is pricing mechanism.Finally,analyzing and studying the quantitative work of the risk management scheme.This project only controls the price by two factors which Fluctuates significantly in the form of pricing mechanism,the two are bank interest rates and actual traffic.All the other construction investment expenses shall be included in the project price in the form of the lump sum fee.In the process of quantitative work,the innovative way of dealing with the difficulties encountered is also presented. |
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