Research On Quantitative Value For Money Assessment For Tourist Attraction PPP Projects

With the rapid development of PPP projects in recent years,the projects of tourist attractions have started to attach more importance to it.On the condition that China has devoted major efforts to develop PPP projects,especially in tourism,there is no doubt that it is urgent to complete the quantitative evaluation method towards PPP projects for tourist attractions.There have been some studies on the quantitative evaluation of PPP projects,which concentrate mainly on public infrastructure such as hydraulic engineering,urban railway,sewage treatment,but ignore tourist attractions.Additionally,the existing quantitative value for money assessment is carried out under the conditions that the PPP mode and the traditional mode start investing and producing at the same time,so that it cannot be applied smoothly in the practical application,especially in the proj ects of tourist attractions which have their own characteristics.The paper aims to consummate the quantitative assessment method of.value for money and build the method for PPP applied in the tourist attractions projects based on the theory of value for money and the analyses the difference between the prerequisite and the actual situation of the quantitative assessment.Firstly,this paper introduces the concept of investment benefit by time difference for the first time.Combined with the characteristics of tourist attraction PPP projects,this paper introduces the external adjustment value to quantitative value for money assessment and analyzes its necessity.Secondly,base on summary of the externality index to analysis the externality of PPP tourist attractions projects based on system dynamics method,then quantifies the external adjustment value through formula method and contingent value method.Finally,compared the initial quantitative assessment results with the improved quantitative assessment results to verify the applicability and superiority of the improved method through case study.In a word,this paper puts forward the concept of investment benefit of time difference to improve the quantitative value for money assessment and quantify the external adjustment value of PPP tourist attractions projects in order to obtain both theoretical and practical significance.