基于财政承受能力的PPP特许经营期确定方法研究

PPP Concession Period Is to Determine the Method Research

PPP作为一种新型的融资模式,在运用过程中还存在许多问题,其中,特许经营期的确定是政府部门和社会资本方共同关注的焦点,也是推行PPP模式的关键问题。为确定合理的PPP特许经营期,保证PPP项目的运营,实现参与各方"共赢"的目标,分析了财政支付能力、社会资本方的投资期望、项目本身收益水平等影响因素,以政府财政承受能力分析为基础,采用财务动态分析方法,对特许经营期的确定方法进行研究,建立了确定特许经营期可行域的数学模型,并验证了方法的合理性和可行性,为最终确定合理特许经营期提供了一定的依据。

The PPP is a new financing model, and some problems still exist in the process of application. Among them, the determination of concession period is the common focus of government departments and social capital, which is also introduce the key problems of the PPP mode. To determine a reasonable PPP concession period that ensures the operation of PPP project to achieve the goal of participants ＂win-win＂, analyze the financial ability to pay, social capital investment expectations, and conditions of project itself, this study uses the government fiscal capacity analysis as foundation, adopts the financial dynamic analysis method to determine concession period, establishes the mathematical model to determine the concession period in feasible region, and proves the rationality and feasibility of the method by an case study. This study provides certain reference for determining the reasonable concession period of PPP.