A Feasible Study On A PPP Project Of X Company

The rapid development of the world economy,the people of the social products or services demand is also growing,infrastructure construction and maintenance requires a lot of capital investment,relying solely on government finance can't meet this requirement.In this case,there is a model of public-private partnerships(PPP),which means that government departments and the private sector cooperate with each other to play their respective strengths and characteristics and jointly carry out project construction to achieve better results than to build alone.As the PPP model can make private capital more involved in the project,the savings in the initial investment in infrastructure,reduce the government's financial pressure,and to achieve higher economic and time efficiency,reduce the project construction investment the risk at home and abroad has been widely used.In China's economic development into a new normal,accelerated urbanization,local government financial pressure highlighted,the Chinese government to vigorously promote the PPP model,attaches great importance to its theoretical research and practical application.However,due to the late implementation of PPP practice,theoretical research has been inadequate,leading to China has not yet established a sound PPP project performance evaluation system,there has been a practice,the theory of lagging behind the phenomenon.Which led to some construction projects out of cost out of control,delay and other issues,hindered the development of PPP in China.Therefore,it is necessary and urgent to implement scientific and effective performance evaluation of PPP project in China and has important significance.The main contents of this paper include:1)Introduction to the theory of feasibility evaluation of PPP project.This paper summarizes the domestic and foreign research results of PPP project feasibility evaluation,and introduces the connotation and characteristics of PPP model in detail,and its development course and advantages and disadvantages in China.2)The project feasibility evaluation index system is analyzed in detail.This paper analyzes and explains the specific meaning,calculation method and judgment criterion of investment return rate,investment payback period,financial net present value and financial internal rate of return,and makes a detailed analysis of the sensitivity analysis program in project uncertainty analysis The analysis includes the determination of the analysis index,the choice of uncertainty factors,the fluctuation of each uncertainty factor,the change of the analysis index,the determination of the sensitivity factor and the choice of the scheme.3)The feasibility of the construction project developed by X Company was evaluated.Through the selection of economic internal rate of return,economic net present value,benefit cost ratio and investment recovery period as the evaluation index,the X company's project carried out a detailed feasibility evaluation,from the evaluation results,the construction project can play a larger Social benefits,access to greater gains,risk control,the project is reasonable and feasible.