Research On Risk Sharing Of PPP Mode In Infrastructure Construction Of Local Industrial Parks

The industrial park is the government based on its own economic development,relying on the administrative means to draw a region,gather various production factors,integrate resources in a certain space range,highlight the industrial characteristics,optimize the functional layout,improve the level of industrial intensification,and establish a modern market competition,industrial transformation and upgrading and industrial division of labor.The production area has always been regarded as the main battlefield of economic construction.Since the construction of industrial park needs a lot of capital,the maintenance and upgrading of infrastructure needs a large amount of funds in the later period.Only relying on local government finance can not fully meet the demand of funds,to a certain extent,it hinders the construction progress of industrial parks and gradually becomes the bottleneck of economic development.On the other hand,a large number of social capital is in idle state.The PPP(Public-Private Partnership)mode can solve these problems at the same time.The PPP model is a partnership based on the advantages of both the public and private sectors,which also has the planning,organizational and coordination capabilities of the government sector and the financial support of the private sector,advanced technology and management efficiency,enabling partners to achieve more favorable results than individual actions.PPP mode is often used in the construction of public infrastructure.It has many characteristics such as large investment,many participating parties,long construction cycle,complex technology and many uncertain factors,which make the risk factors of PPP model face more risk factors than traditional financing methods.Therefore,reasonable risk sharing is the key to successful implementation of PPP project.The author has consulted a lot of references,first focused on the study of PPP model related theories,detailed the concept connotation,theoretical foundation,organization model,operation procedure and related risks of PPP model,and then introduced the development process,development status and existing questions of theindustrial park in China.The necessity and feasibility of introducing PPP model in the field of industrial park construction in China are analyzed.Then,taking A County Industrial Park as an example,the research on risk sharing of industrial park projects is carried out,and risk index system and risk sharing model are established.On the basis of risk sharing principle,the risk indexes are determined by entropy method.The weight coefficient is determined,and the risk party is determined by TOPSIS method.