Value For Money Analysis Of ZW Expressway Project

With the development of urbanization,the demand of infrastructure construction in China is also increasing.After entering China,PPP mode,as a new mode of cooperation between government and social capital,has also become a new way of all-round cooperation between government and social capital in the field of expressway.With the continuous promotion of PPP mode practice,the problems under this mode are gradually exposed.In order to ensure the quality of the project,according to the requirements of the Ministry of finance,it is necessary to evaluate the value for money before the project is put into storage.Based on the current traffic situation of Guizhou Province and the financial situation of a city and Q Prefecture of Guizhou Province,the project of ZW Expressway plans to adopt PPP mode.In this context,the value for money of the project is evaluated,and it is used as the basis to judge whether the PPP mode can be adopted for the project.At first,this paper summarizes the PPP model of infrastructure at home and abroad,then summarizes the value-for-money theory,analyzes the evolution of domestic value-for-money evaluation system and its shortcomings,draw lessons from abroad mainstream PPP project value-for-money evaluation system to make an elaboration.Taking ZW expressway as the demonstration object,firstly,the project is analyzed qualitatively on the basis of value for money,combined with various evaluation contents in the evaluation index system,and scored by the percentage system scoring method.The qualitative evaluation score of the project is 87.19 points,which is more than 60 points,and the project is evaluated qualitatively on the basis of value for money.Then the quantitative analysis of the project value for money is carried out.According to the PSC value and PPP value calculated by reference to the project,the value for money of the project is 3321.48 million yuan,and the value for money index is 43%,both of which are greater than 0.The project has passed the quantitative evaluation.The comprehensive evaluation results show that the project is suitable for PPP mode.Compared with the traditional investment mode adopted by the government,PPP mode has more advantages and rationality in fund-raising,operation,debt repayment and asset management.