A Research On The Application Of PPP Financing Model Of Infrastructure Construction In Wuhan

In December 2016,National Development and Reform Commission officially released ?Promote the rise of the central region "13th Five-Year" plan?,which is proposed to support Wuhan to be built as the national center city.The construction and development of urban infrastructure is the prerequisite and basis of the construction of the central city,is to improve the city's comprehensive ability to play a major function of the necessary conditions.Although the investment in infrastructure construction in Wuhan is still on the rise,the contradiction between the local fiscal expenditure and the debt bearing space is limited,and the contradiction between the continuous investment and the increasingly heavy government debt will affect the sustainable development and promotion of the urban late space.The application of PPP model to the construction of infrastructure in Wuhan will be beneficial to the absorption and guidance of social capital,to reduce government debt effectively and improve the quality of public goods and public services,which is of great significance to the sustainable and healthy development of Wuhan.Based on the domestic and foreign scholars' PPP financing model,this paper first combs and summarizes the concept,characteristics and related theories of PPP financing mode.Secondly,through the existing domestic and typical PPP project research and analysis,summed up the PPP project success and failure reasons.Then,as the focus point of this article,combined with the status of infrastructure financing in Wuhan City,the use of PPP financing significance and feasibility analysis,PPP mode operation mechanism,financial evaluation,and applicability evaluation,Wuhan DHLD project,which would been operated with PPP model,is analyzed in detail.The Finally,on the basis of theoretical analysis and case study,we try to make some suggestions on the construction of infrastructure by using PPP financing mode in five aspects,such as relevant policies and management system,project confirmation,partner selection,risk sharing and financing channels.The value of the recommendations and countermeasures,and for the financing of infrastructure research direction.