| Public transportation is an important part of China's infrastructure.With the reform of the financial system and the continuous deepening of the reform of the traffic management system,especially the cancellation of the government's repayment of secondary roads,the reform of refined oil prices and taxes and the special cleaning of toll roads started in 2009.As a result of factors such as strict control of local government debt,financing for transportation infrastructure construction faces great difficulties.The transportation industry is in a critical transition period.Under this background,exploring the application of the PPP investment and financing model of the expressway project has important practical value for resolving local government debt risks,reducing financial pressures,and opening up financing channels for transportation construction.The PPP model emphasizes the full cooperation of the public and private sectors,"professional people do professional things",win-win for all parties,and improve efficiency.The government handed over the contents of certain professional fields,such as project operations,to enterprises,giving full play to the initiative and creativity of the company,helping to improve the design and construction quality of the project,optimizing project investment and maintenance programs,and reducing project life cycle costs.The government itself More emphasis is placed on the formulation and supervision of rules,and the risk of policy changes,economic changes,and land approvals in cooperation.Based on the above background,this paper mainly uses literature research,social research and case study method to study the PPP investment and financing mode of expressway project.Based on the theory of public goods and investment and financing,based on the development status and existence of highway investment and financing in China The problem is to analyze the necessity and feasibility of applying PPP mode in the construction of highway project in China.Taking the application of PPP mode of Linshuang Expressway as an example,the typical case is deeply analyzed,and the characteristics and innovation of the project are discovered.Successful experience,and analyze the problems and deficiencies of the project,and then give a sound countermeasure.After the research,this paper believes that the introduction of PPP mode in the expressway project will build more highway projects at a lower cost without increasing the financial pressure of the government departments,and provide the public with higher quality public goods and services.Bringing the private sector two advantages: expanding the market and technological innovation.Based on the advantages of the government department and the private sector to see the PPP model,it is conducive to the resolution of local government debt,accelerate the need for transportation construction,and activate private capital.Taking the Linshuang Expressway project as an example,this paper starts the analysis of the feasibility of the PPP model from the conditions faced by the Linshuang Expressway project,and designs the PPP plan for the Linshuang Expressway project,from project cost estimation and fund raising,project shareholder composition,and project.Investment return mechanism,project PPP financing mode risk control,etc.,strengthen the full program design of the Linshuang Expressway project.Through the design of the PPP model of the Linshuang Expressway project,it is found that the project plan has three highlights: the government funder's representative does not participate in the dividend,the predicted traffic flow guarantee is not the bottom,and the land acquisition and demolition risk is reasonably shared.At the same time,it also faces implementation in these three aspects.Problems and deficiencies,combined with the design of the case plan to give promotion value,need to establish and improve the traffic PPP system norms,introduce incentive and restraint mechanisms,foster social capital investment environment,and strengthen professional management. |
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