Life Cycle Analysis Of Asset Value Preservation Of PPP Project

In recent years,with the development of new urbanization in China,the investment in national infrastructure is also increasing.In the past,infrastructure construction was dominated by the government,which caused huge economic burden to the national and local finance.Based on this,the state has introduced PPP(Public-Private-Partnership)financing mode,that is,to establish a "benefit-sharing,risk-sharing,full cooperation"partnership between government departments and social capital.The smooth promotion of PPP model in China not only solves the financing problem of large-scale infrastructure construction,but also provides a new development model for enterprises.It also provides more opportunities for social capital while reducing the pressure of government financial funds.PPP mode enables enterprises to get through the upstream and downstream industrial chain and realize the integration of investment,construction and operation.With the development of enterprise PPP business,a large number of related assets also emerge.Compared with other long-term assets,PPP-related assets have longer use time,stronger Uncertainty in the future,and irreversibility.Therefore,the management of related assets under PPP mode,especially the value management of PPP project assets which have entered the operation period,has attracted the attention of enterprises and the government.This paper combines normative research with case study.In order to achieve the goal of preserving and increasing the value of PPP project assets,this paper combs the management logic of preserving and increasing the value of assets.Firstly,it is clear that the PPP project management mode should be value-oriented.Then,this paper combs the logic of PPP project asset value-preserving and value-adding management based on life cycle,and analyses the factors that affect the PPP project asset value-preserving,and constructs a revised cash flow discount model to evaluate the asset value rolling,so as to assist the decision-making of asset management.Logistic model is used to forecast the traffic volume.The adjustment coefficient of cash flow refers to the idea of affirmative equivalent coefficient and determines the standard deviation rate of the present value of historical net cash flow of PPP project,which reduces the subjective influence to a certain extent.In the end,this paper analyses the hedging management of Shanxi YH Expressway franchise through a specific case.Firstly,this paper analyses the influencing factors of YH project assets preservation,and identifies what specific changes have taken place in the business environment,which lead to the project operation situation not reaching the expected goal.Then,we use the asset value evaluation model to evaluate the value of related assets rolling.On this basis,we adopt corresponding management decisions for project asset preservation.