Research On Cooperation Mechanisms In PPP Mode Of Public-private Partnership

Public utilities as a basic condition for urban development, promoting social progress and economic development role is huge. In the traditional government management system, provided by the government monopoly of public utilities, with the market economy reform, such a monopoly supply of public funds increasingly exposed pattern of insufficient investment, production, inefficient management and other issues. PPP model as a more mature pattern of foreign application, been shown to have the following advantages:①the use of private capital, public expenditure savings;②private capital efficiency and give full play to the advantage of management;③effective allocation of their resources and advantages of public and private play;④Projectrisk-sharing is more reasonable.Chongqing since the 90s from the 20th century, has been on the market-oriented reform of public utilities, to explore the process of gradually formed its own characteristics of the "Chongqing Mode" (World Bank call: Chongqing State-owned investment group mode). The model to cover all areas of public utilities in eight Investment Group (the investment and financing platform) for public utilities on the city construction, financing, operation and asset management, and integration of resources and broaden the financing channels, utilizing the state-owned assets . But we should also see less of the model, first of all, the real monopoly has not been changed. Eight investment group formed by the government, has a natural link with the government, the right to operate public utilities and property by the government-owned enterprise groups into all, deeper look, did not change the substance of monopoly. Second, the funding gap does not address the root causes. Many public projects are capital injection from the land, financial allocation, matching the composition fees, these funds are the local government funds. In part by the lack of corporate finance, is still the most important financing channels for government-guaranteed bank loans, and the government as a public utility providers and regulators in the business properly, make ends meet when the repayment can only assume the responsibility makes the financial pressures are still high. Third, there is no mechanism for introducing competition, efficiency is not high. After several years of operation, the status of the eight investment group did not meet their expectations before, and even some groups have already debt-ridden, inefficient monopoly which is brought about by the inevitable result. Through a lot of reading literature and research on the basis of the theory put forward to solve these problems is to create a new access mechanism for public-private partnerships and regulatory mechanisms. Competition through the introduction of private capital to achieve efficiency, through the new regulatory mechanisms to reduce the "market failure" and "government failure" caused by loss of social welfare. Choice during the public-private cooperation, PPP model is undoubtedly the better choice. PPP model in the perspective of the author, based on "fairness, efficiency and economy" principle, to build a new cooperative mechanism.Construction of new access mechanism in the study, by analyzing the "Chongqing Mode" in the access system's problem, learn from the experience of Hong Kong's mature, the main access from the front entry and access to both post-out mechanism on the accessis designed.Construction of a new regulatory mechanism in the study, through the "Chongqing Mode" in the regulatory system of the various issues, in combination with the successful experience of developed countries to give us inspiration, from the regulatory body, regulatory elements, three aspects of regulatory processesregulatory mechanism is designed.Construction of a new mechanism through two, I hope to improve the "Chongqing Mode", from the perspective of optimizing the model system, to promote the Chongqing market-oriented reforms of public utilities to further development.This paper by the National Natural Science Foundation of China, "the western city of project financing, risk control PPP Mode" (70672011) and the Social Science Foundation, "the western region public-private partnership mechanism of public programs"(10XGL0009) support.