Application Research Of PPP On Multilateral Development Banks' Infrastructure Project

Nowadays,the world is globally facing a huge infrastructure financing gaps,and more than half of infrastructure investing demand comes from Asia.The establishment of the Asian Infrastructure Investment Bank(AIIB)in 2015 provided a new option to bridge the infrastructure financing gap.However,in the face of the huge gap,the funds of the government and Multilateral Development Banks are still beyond their reaches.Therefore,the world is actively introducing PPP into infrastructure projects.Effective risk diversification and reduction?improvement of operational efficiency make PPP good value for money,and become a widely accepted new way to supplement the infrastructure gaps.More importantly,PPP's mobilization of private capital to the infrastructure investment is closely related to the AIIB's thematic priorities: sustainable infrastructure construction,cross-border connectivity and private capital mobilization.PPP theoretical analysis is the first part of the paper,which includes the definition,nature,protocol type,theoretical basis,role and applications of the PPP.The second part of the paper present a practical research of PPP,which summarize the valuable experiences of the multilateral development bank's infrastructure PPP projects,mainly based on the business practices of the World Bank and the Asian Development Bank.The third part is the focal of this article.It contains the research of the Asian Infrastructure Investment Bank's initial attempts and inspirations of PPP practices,and some valuable advices for the PPP business of the Asian Infrastructure Investment Bank,for whom to better achieve its goals and objectives.