公共项目采用私人主动融资模式的资金价值分析

The Vf M Evaluation on Public Project Financing by Means of PFI

资金价值(Value for Money,VfM)评价是PFI项目评价的重要标准,是判断公共项目是否采用私人主动融资(PFI)模式的核心问题。目前在国外PFI实践中已经得到了广泛的应用,对我国的PFI项目的评价有一定的借鉴意义。介绍了VfM的科学内涵和计算方法,并对VfM的构成要素PSC和LCC进行了详细分析。

Vf M （Value for Money） assessment is an important criterion for evaluation of the PFI project, and is the core problem of judging whether the public project adopt PFI pattern. It has been widely used in the foreign PFI practice, and it is useful for the assessment of PFI project in China. This paper introduces the concept of VfM and the calculation method, then gives a detailed analysis to PSC and LCC, the constituent elements of VfM.