Research On The Application Of PPP Model In Urumqi Infrastructure Construction

Since 2015,the PPP model has been widely promoted throughout the country.Under the background of the policy of vigorously supporting the promotion of the PPP model,the number of projects using the PPP model in Xinjiang has gradually increased.However,from November 2017 to the first half of 2018,the state has issued policies requiring all regions to standardize the use of PPP,which has affected the author's own participation in the transformation of the old city of Urumqi and the characteristic town of Dabancheng.Both PPP projects have not been successfully implemented,and the market participants are not optimistic about the development prospects of PPP.Therefore,by analyzing the national policy and policy,researching the relevant documents of PPP and consulting the information of PPP projects,this paper takes two unfinished PPP projects as examples,finds out the causes of failure,puts forward the optimization and improvement plan,regains the confidence of all sectors of society in the development of PPP,and explores a way conducive to the PPP mode to accelerate the investment and construction of infrastructure in Urumqi.Based on the background and operation method of PPP project for old city reconstruction,the main reasons for the failure of the project are analyzed,and the optimization and improvement scheme at the government level is put forward,that is,the government can make partial compensation for social capital during the construction period,and the content of project construction with operational nature should be smoothed out;at the same time,the optimization and improvement scheme at the level of social capital is put forward,that is,the establishment of association.When jointly bidding,the fund company should be introduced into the consortium.When establishing a project company,the fund company should take a large share of the equity.Based on the research and analysis of the operation process and implementation process of PPP project in characteristic towns,the main reasons for the failure of the project are obtained,and then the concepts of risk sharing,benefit sharing,risk and benefit equivalence are put forward.The model of investment return mechanism is constructed and verified.It is concluded that the model of investment return mechanism is introduced into quasi-operational projects to the government and society.Both sides of capital are win-win.Based on the solutions of two failed projects,a three-in-one PFI model of government,social capital and project operation under the model of "pre-compensation mode + fund company mode + incentive operation mode" is established,and the rationality of the application of the model in PPP mode is verified by comparing and selecting engineering economic schemes.