Research On Benefit Distribution Of Highway Construction Under Public-Private-Partnerships—Taking The Guangdong Xinghua Expressway Project As An Example

Public-Private-Partnerships mode have developed rapidly in recent years and have become a model of new project financing favored by governments,and there are many applications in various countries.Public-private partnerships are used in road construction projects,not only to broaden the financing channels of the public sector,to ease financial pressures,but also to improve the efficiency of projects using the advanced technology and management models of the private sector.But in the process of cooperation between the public and private departments,the two sides of the pursuit of different goals,the public sector hopes to use private capital to solve the funding gap,the private sector is expected to invest a greater return on investment.The distribution of benefits has become the focus of sides are eager to solve the problem,whether to determine a reasonable and feasible ratio of benefit distribution program is the public and private cooperative system under the highway construction project can be the key to the smooth implementation.On the basis of reading a large number of documents,this paper analyzes the Public-Private-Partnerships mode,analyzes the essential characteristics of this mode,and studies the stakeholders of highway construction projects under the public-private partnership system.Through the study of the interests of the core stakeholders and the influencing factors of the distribution of benefits,this paper puts forward the benefit distribution model.Based on the above introduction,this paper takes the Guangdong Xinghua Expressway Project as the research object,and based on literature review and related data,combined with the present situation of the construction of the project of application of PPP mode:mainly includes the analysis of ownership structure of the item company,the related law and institution of expressway construction in Guangdong Province,according to the basic information of the project construction operating income forecast model,cost forecast model and profit forecast model,and thus the project life cycle analysis of the financial situation of an accurate and reasonable prediction,the risk sharing factor of the project is determined and proposes a two-stage benefit allocation scheme for highway public-private partnership project,namely the initial benefit distribution and the second benefit distribution,take the evaluation of the effectiveness of the work as a measure of contribution to the project by the public and private parties,the second distribution of benefits in accordance with the project implementation process of public and private work efficiency coefficient distribution,finally assess the project at the present stage.