PPP的共享风险逻辑与风险治理

Logic and Governance of Shared Risks in Public Private Partnership

PPP由各种类型的风险组成,一些风险由政府或者企业独立承担,一些风险由政府和企业共享,共享风险的治理是PPP成败的关键。文章归纳了PPP中风险分配的影响因素,在此基础上解释了共享风险的逻辑,探讨了哪些风险需要被共享,并在我国政府与社会资本的本土化关系中剖析了共享风险的治理困境。立足于政府与社会资本的本土化关系,共享风险的治理要逐渐地扩大共享风险的范围,缓解公私两个部门风险治理方式的冲突,建立风险损失的共担机制,并从双方共享风险转向三方共享风险。

In the risk system of public private partnership, some risk is undertaken alone by the government or private party, some risk is shared between the government and enterprise. In the context of public private partnership, the article explains the logic of risk sharing, and the question what types of risks should be shared, discussed the governance dilemma of the shared risk. The governance of shared risk is essential to the risk governance of the risk system. We should control the scopes of the shared risk, relieve the governance conflict between the public, party and the private party, construct the losing sharing mechanism.