Study On Quantitative Evaluation Of Value-earning Value Of A Municipal Road PPP Project

Municipal roads belong to urban infrastructure,and infrastructure plays an important role in the process of urban development.This ty pe of projects are mostly long-term construction projects with huge in vestment in public welfare projects and lack user payment bases.Ther efore,the government plays an indispensable role.However,there is a relative shortage of government revenue.Therefore,the PPP(PublicPrivate-Partnership)model is favored by the government.However,the choice of model should be based on scientific quantifiable basis.At the same time,based on the public welfare characteristics of municipa l roads,the government must adopt reasonable measures to attract soc ial capital.Based on the VFM quantitative evaluation method,this paper anal yzes and studies which mode of a municipal road project is more effi cient in the investment and construction under the traditional model a nd the PPP financing model.The paper constructs a VFM quantitative evaluation model applicable to municipal road projects,and uses this model to perform VFM quantitative evaluation of municipal road proj ects in Area C,and obtains the results of VFM quantitative evaluatio n.Through comparative analysis methods,the key factors affecting the adoption of the PPP financing model in the municipal road projects i n Area C are analyzed.The concept of "quasi-operating projects" wa s proposed,and through the analysis of common methods of third-part y income during the design and operation period,the dynamic design concepts and ideas for the design of " quasi-operating projects" were proposed.Coordinating the project’s VFM quantitative evaluation results wit h the VFM qualitative evaluation results,it is concluded that the C d istrict municipal road project adopts the PPP financing model to carry out investment construction more efficiently and is suitable for adopt ing the PPP financing model.Through comparative analysis,the thirdparty’s income is the key factor that influences whether the municipal road project can adopt the PPP model,and the regression analysis m ethod is used to obtain the third-party revenue critical point from the economic point of view using the traditional model and the PPP fina ncing model to design for the third-party income.for reference.Finall y,the paper proposes to design non-operating projects as "quasi-opera ting projects" by designing third-party income.