Research On Investment And Financing Mode Of Yu Xiang Double Line Expressway Based On PPP Mode

In 2013,The central government proposed a PPP financing model for infrastructure and public service construction.The first is the construction of PPP project libraries and a series of demonstration function projects by the Ministry of Finance and the National Development and Reform Commission.In succession,local governments followed the reform pace of the central government,which triggered unprecedented investment enthusiasm in China.The construction of a comprehensive transportation network is an important part of the national strategy,and expressways are a key part of the transportation network.With the progress of the times,it is strengthening construction and upgrading,providing a strong guarantee for the development of the national economy and the improvement of people’s lives.The construction of expressways requires a lot of government funding and manpower input,which has a great financial problem for the government.Therefore,PPP mode came into being.This new financing mode is an effective integration of the government and civil society,which broadens the financing channels of infrastructure construction and people’s livelihood construction projects.It not only relieves the government’s huge pressure on highway construction,but also changes the government’s management functions,thereby promoting the development and innovation of the public project management system.This paper uses literature review,game theory,dynamic game evolution and other methods to study and analyze the investment and financing mode of Yuxiang double line high-speed project under PPP mode.First,combined with the theoretical basis of the PPP model,it introduces my country’s current highway financing model,game theory related theories,discussion of control rights theory,mm theory and priority financing theory.Secondly,the analysis of the PPP investment and financing mode of the Yuxiang double line high-speed project will briefly discuss the background,basic situation and construction necessity of the Yuxiang double line high-speed project,and analyze the necessity and feasibility of adopting the PPP model for the Yuxiang double line highspeed project and the investment and financing situation of Yuxiang double line highspeed project t in PPP mode.Then,use game theory to discuss the optimal benefit distribution and risk sharing model of expressway projects under the PPP mode,use the three-party dynamic game evolution to analyze the interests of the government,enterprises and users,and use the Monte Carlo method for simulation analysis,and propose risks Control recommendations.Finally,analyze several aspects that should be focused on when applying PPP investment and financing mode to Chongqing Hunan double track high speed project,mainly including four aspects: Law,financing,risk and promotion.Suggestions on improving the PPP investment and financing mode of Chongqing Hunan double track high speed project,according to the application of PPP mode of Chongqing Hunan double track high speed project and the requirements of Chongqing Hunan double track high speed project.Using the empirical analysis results of the PPP investment and financing model,suggestions for the improvement of the PPP investment and financing model of the Yuxiang double line high-speed project are put forward.