Research On Public-private Partnership Payment Mechanism Based On Three Cases Comparative Analysis

The debt financing of local government,is one of the main sources of capital for the construction of infrastructure or public service projects.The traditional financing methods of local governments have some urgent problems to be solved,such as lack of integrated planning and the argumentation of full and accurate science of the raising and using of debt capital,and the ambiguous debt repayment responsibility of debt financing.In order to strengthen local debt management,the State Council and various ministries and commissions required standardizing or restricting traditional financing methods,and energetically promote the Public-Private Partnership.Against this background,the Public-Private Partnership develops rapidly,and Public-Private Partnership starts to become one of the main financing methods of local governments.Research on the principle,content and the mode of operation of Public-Private Partnership payment mechanism in China,which is beneficial to enrich the Public-Private Partnership theory,to the benefit of promoting the construction of Public-Private Partnership projects,including financial benchmark indicators,financial modes,payment adjustment,performance assessment and other reasonable and complete payment mechanisms,to promote the healthy and sustainable development of Public-Private Partnership.Firstly,this thesis expounds the background and general situation of the development of Public-Private Partnership,introducing the cause and process provided and researched by the Public-Private Partnership payment mechanism,analyzing the realistic purpose and significance of the research of this thesis.Secondly,according to relevant policy documents issued by the State Council and various ministries and commissions,Public-Private Partnership theoretical research results,Public-Private Partnership project operation practice and so on,to define the fundamental philosophy such as Public-Private Partnership,Public-Private Partnership payment,Public-Private Partnership payment mechanism,main participants of Public-Private Partnership and so on,to ascertain that the Public-Private Partnership payment mechanism is a system of interaction effect constituted by the factors such as financial benchmark indicators,financial modes,payment adjustment,minimum assurance requirements and performance assessment and so on,to analyze the operation principle,operation methods and specific function of each factor.Again,analyze the payment mechanism of three Public-Private Partnership projects,including a Yangtze River Bridge,comprehensive treatment of a drainage basin and a expressway,respectively,to analyze the practical application of the factors such as financial benchmark indicators,financial modes,payment adjustment,minimum assurance requirements and performance assessment in the above project cases,to discuss the specific operation methods and function,to summarize and analyze the Public-Private Partnership payment mechanism through the comparative analysis of three project cases.Finally,according to the practice situations of Public-Private Partnership popularity,to analyze the existing problems of Public-Private Partnership payment mechanism,and discuss the corresponding improvement measures one by one,so as to reach the effects that Public-Private Partnership payment mechanism can be more reasonable and standard.