Problems And Countermeasures In The Financing And Construction Of Agriculture-related PPP Projects In Chengdu

From now to the middle of the century before China's modernization of agriculture and rural work total grasp,the rural revitalization strategy is a major strategy of the party and the country in the new era.The breakthrough to implement rural revitalization strategy is to design and implement a number of major rural agricultural projects and key projects.Major projects and key projects must have financial support,so how to invest and finance major projects is a key issue.All the time,the major agricultural projects in China mainly rely on government financial investment.In the process of transforming the market economy into the decisive mode of resource allocation,the government's financial input alone cannot meet the huge capital demand of rural revitalization.The Public & Private Partnership(PPP)is a new investment and financing mode utilizing Private capital.This mode is an investment and financing mode in which the government allows social funds to enter the public domain and participate in economic activities such as investment,construction and operation with relevant government departments.The modes of investment and financing involving the investment,construction,operation and other economic activities together with relevant government departments can not only effectively alleviate the shortage of government financial funds,but also introduce advanced science and technology and management level,improve the management efficiency of major projects,better support the rural revitalization strategy and realize agricultural and rural modernization.Based on the analysis of the current situation of PPP projects in Chengdu city,this paper focuses on the analysis of the main current situation and characteristics of PPP projects in agriculture and rural areas,and takes the PPP project of the comprehensive improvement of water environment in the Guanghua section of Jiang'an river in Wenjiang district as a case to draw lessons from its operation mode innovation and experience.The following conclusions are drawn: first,there are five characteristics in Chengdu agricultural and rural PPP projects and practices.(1)Total agricultural input was low;(2)Government departments have overlapping powers and responsibilities,and the preliminary preparation and review work is insufficient;(3)The laws and regulations are not perfect;(4)Agriculture-related projects lack a regulatory system;(5)Agricultural projects lack a credit system.Second,case analysis shows that there are four problems in PPP projects operation in Chengdu: Theattraction to direct social capital is not strong enough;PPP projects' contracts lack risk sharing mechanism;Local financial subsidies to the project cannot be timely in place;Changes in government leadership have increased the risk of compliance.Finally,countermeasures and Suggestions are put forward from five aspects:(1)To clear out non-compliant PPP projects and We will actively promote high-quality PPP projects involving agriculture.(2)We will establish a mechanism for the return on exclusive investment in agriculture-related projects and an exit mechanism to increase their attraction to social capital.(3)We will establish and improve the market supervision system for PPP projects and create a level playing field.(4)Construct the credit system of PPP project related subjects,reduce risks and enhance the awareness of risk sharing.(5)We will actively innovate and expand financing methods and increase capital input.(6)We will strengthen education and training for PPP personnel in agriculture and rural areas.