The PPP Financing Model Research Of Local Government In Our Country

For the development of the local economy, local governments continue to invest in infrastructure, so that the local government debt continued to expand, and the risk is difficult to control. Precisely in order to relieve the heavy debt of local government and local financial difficulties of the situation, in recent years, the central government issued a series of financing policies, which have been widely used PPP is a new type of investment and financing model. After research and analysis, this paper argues PPP refers to the government, social enterprises (profit or nonprofit business enterprise) based on mutually beneficial cooperation in the form of an engineered based on cooperation between the parties to produce modern financing mode "1+1> 2" effect, characterized by co-sharing investments, risks, responsibilities and benefits.This paper describes the background status of local government financing PPP model and study abroad, and to promote the development stage financing PPP model and the financing of local government PPP mode analysis, it analyzes the current local government PPP mode use cases. On this basis, the use of NPV-Shapely binding assay on a typical case-the analysis of Chongqing Metro Line, PPP cooperation model National Stadium project, using NPV drawn from the analysis of the initial distribution of the interests of both public and private, and then use the corrected Shapely calculated value method, the distribution of benefits derived after the game both public and private programs. If both public and private interests in line with "1+1> 2", then after using the PPP model project to achieve the optimal allocation of resources; if "1+ 1=2" Description With PPP mode, any one of the benefits of public and private parties has not been effective growth, then not suitable for this mode, and find out in the course of project implementation the problems through scientific analysis to see the great small, it can be a reflection of the local government in the use of the PPP model will be problems.Analysis based on our own national conditions and considerations of two cases of success and failure, to ensure that local government financing PPP model and the healthy operation should be done to improve government, law, project management,facilities of the four levels of government level to achieve a clear division of roles, and strengthen the spirit of contract, strengthen risk prevention at the institutional level to improve laws and regulations, improve the supervision mechanism, the project to establish their own level of risk-sharing mechanism, improve the pricing mechanism, optimize the approval process, in supporting the building level to set up a professional management organization, training professional personnel, in order to promote the advantages of PPP mode to play, create a good environment for our local government to further the use of the PPP model, the management of local government debt related to the rational use of the PPP model to provide policy reference.