| The model of Public-Private Partnerships (PPP) is developed to rebuild public finances, improve the efficiency of government departments, try to promote the implementation of infrastructure construction and improve the quality of public service systems. Public-Private Partnerships mainly refers to the public and private entities through the common power line application, shared responsibility, joint investment, shared risk, shared benefits to replace the existing government departments alone construction, operation, management model. Despite the public-private partnerships (mainly based on a BOT basis) achieved a certain degree of development in the field of toll roads in recent years. In the face of the shortage of China's financial capital, the financing channels for a single relative, the poor attractiveness of domestic and foreign investment and many other issues. China's huge demand for road transport is still difficult to meet. Therefore, the study on Public-Private Partnerships (PPP) in the field of the toll roads has great practical significance. Fist of all, this article introduced some basic and confusing concepts about Public-Private Partnerships. And then, conducted economic analysis in this area, in order to explore Public-Private Partnership's inevitability and necessity in the toll roads area. In the mean time, the author given the deeper analysis of the Commission - Agent Model. On the basis of all the studies mentioned above, the author given some home and abroad examples to illustrate the model of Public-Private Partnerships to discussed the existing problems in our country and draw the lessons we may learned from those examples. At last, the author addressed three corresponding solutions to solve the problem mentioned above. |
