Research On The Application Of PPP Model Of Government Investment Project In Longhua District Of Shenzhen

Since the reform and opening up,China's rapid economic growth,which largely benefited from the investment-driven,and in the early reform and opening up,government investment accounted for a large part.With the continuous improvement of the degree of marketization in our country,the investment of social capital to various projects has gradually increased,which has become one of the main sources of investment in China.Social capital has a more obvious feature that is profitability,which makes the social capital of infrastructure,public facilities investment is not enough.The government undertakes the investment of the vast majority of infrastructure and public facilities.Since the reform of the tax system,a large part of the local government's revenue from the land transfer payments,but the land transfer to some extent overdraft the local government's future revenue,making the local government's financial problems become increasingly prominent.The infrastructure,the first person responsible for the construction of public facilities and most of the local government,capital investment is also the main local government,the higher government will be appropriate support.Local governments in order to smooth the project investment,only through the issuance of local government bonds and bank loans to obtain funds,which makes the local government debt crisis since 2010,more and more heavy.In order to solve this problem,the State Council promulgated the "Opinions on Strengthening the Administration of Local Government Debts"(hereinafter referred to as "Circular 43"),which clarified that local governments could cooperate with social capital in the process of investment and financing.The introduction of Circular No.43 actually widened the financing channels of the government,and the project construction(hereinafter referred to as the PPP model)was confirmed at the national level through a broad public-private partnership model.But the relevant details and the specific implementation method is not perfect,district-level government for the use of PPP mode is still in its infancy.In this paper,the definition of PPP mode,clear the specific content of the PPP model,the PPP model and other public-private partnerships,such as BOT,BT,TOT mode comparison analysis,summed up the advantages and disadvantages of various models,and in the specific application process Successful experience.At the same time,through the analysis of classical PPP projects at home and abroad,and lessons learned,combined with the status of investment and financing in Longhua District of Shenzhen City,the PPP model of PPP projects at district level was studied.And put forward some policy suggestions,has a certain theoretical and practical significance.