Research On Value-for-Money Evaluation Of PPP Project

In recent years,in the National Development and Reform Commission,the Ministry of Finance and other departments of the positive impetus,China's infrastructure and public services in the field of PPP projects to advance rapidly.PPP mode is a kind of public goods and public service providing way which can make government,enterprise and society achieve a common win,break through the division boundary of traditional government and social capital,combine the government's strategic planning,market supervision,public service and social capital management efficiency and technology innovation organically,The new property right relation of public product realization mode is constructed,which improves the supply efficiency of public goods.PPP mode is to transfer some government responsibility to social capital by the way of franchising,government and social capital to establish interests,risk all-round community(project company),the government's financial burden is reduced,the investment risk of social capital is reduced,and the supply quality or quantity of social public service is improved.The PPP model,based on its characteristics of cooperation,mutual win and risk sharing,determines that the model is widely used in urban infrastructure and public services.This paper sums up the basic theory and concept of PPP model value for money evaluation,and studies the concrete role of value for money evaluation in the decision-making stage and project completion stage of PPP project implementation,and demonstrates the importance of value for money evaluation on whether the project can implement PPP model.Furthermore,it mainly outlines the existing qualitative and quantitative value for money evaluation concept,systematically investigates the specific application steps and advantages and disadvantages of qualitative and quantitative value for money evaluation method,and then makes a scientific comparison between the advantages and limitations of the two classical methods of qualitative and quantitative and the applicability of the basic national conditions in China.It is scientific and reasonable to verify the value-for-money evaluation method combining qualitative and quantitative evaluation methods in our country at present.This paper analyzes the specific work of PPP investment project value-for-money evaluation,focusing on the boundary condition setting,index selection method and range of value-for-money evaluation.At the same time,select a water purification plant PPP project as the research object,introduced the project construction content,the investment source and the return mechanism and so on the basic information,and systematically elaborated the project uses the value for money qualitative appraisal execution step and the implementation as well as the value for money qualitative evaluation standard,thus validated the existing qualitative Draw a qualitative analysis of the project through value for money.On this basis,the quantitative evaluation and verification of value for money,including quantitative analysis steps,determination of discount rate,PSC value calculation,PPPs value calculation,finally concluded that the project through value for money quantitative analysis.Finally,some problems existed in the actual analysis of the case in this paper the corresponding suggestions are put forward,including:Perfecting the existing PPP specification documents,supplementing the general method of transforming qualitative evaluation into scientific and reasonable quantitative description,and combining subjective and objective weights,deepening the sensitivity analysis of evaluation model.