Study On The Investment Income Of PPP Model Of Toll Road

With the development of China’s economy and society,the increase in the frequency of public trips and logistics has led to a further increase in traffic flow.As a result,the demand for upgrading the number of high-grade highways and service quality has increased.Under the circumstances that China’s government debt is huge and social capital is relatively abundant,the government and the social capital cooperation model(PPP)as a major innovation in the supply-side mechanism of public facilities and public services can not only adopt the innovative investment and financing model for the highway foundation.The construction of facilities will provide sufficient funds to improve the quality and efficiency of road services and meet the public’s high quality requirements for public facilities and services.Since 2014,the PPP model has been vigorously promoted and applied in the domestic public domain,and the scale of the storage of toll highway PPP projects has also grown rapidly.However,the contradiction between high project storage and low landing has attracted the attention of all parties.Although relevant departments are pushing for the development of the PPP model,they continue to stress that the PPP model is by no means just a form of financing.However,at present,the financing issue has become an important reason for the difficulty in landing a toll road PPP project.Project investment income estimation is an important part of investment and financing decision-making.This paper analyzes the financing factors of cash flow,cost,profitability,maturity,and equity guarantees through the consolidation of a large number of toll highway PPP project related data in the PPP project bank of the Ministry of Finance.,To measure the investment income of toll highway PPP projects.To sum up the feasibility of the toll road subsidy and the method for determining the franchise period,summarize the equity safeguards commonly used in PPP project practice;to put forward a reasonable return on the toll highway PPP project based on the long-term loan interest rate and GDP growth rate.Scope;Based on the benefit analysis of level difference,a pricing model for the toll highway PPP project is proposed;finally,the PPP project example is introduced to measure the investment income of the project.