基础建设PPP项目财务评价指标体系的构建及其应用研究

Construction and Application Research of Financial Evaluation Index System of Basic Construction PPP Project

PPP模式项目建设经营风险相对较高,及时准确地评价和监控运营项目是否达到预期的财务经济目标成为投资者最为重视的问题,而现阶段针对PPP项目财务能力评价尚无相对系统的科学方法。文章分析了PPP项目的特征,从影响项目财务经济效果的主要因素中提炼出盈利能力、投资效果、财务生存能力、清偿能力四个类别的指标体系对PPP项目财务能力进行全面评估,并在此基础上构建了数学模型进行量化分析。文章构建的PPP项目财务能力评价方法可以为项目投资者掌握财务能力的真实动态,发现潜在问题并采取相应的管理措施提供一定理论参考依据。

PPP mode of the project construction and the management risk is relatively high.Timely and accurately evaluating and monitoring whether the operation of the project meets the expected financial and economic targets has become a concern to most operators. At the currentstage, there are no systematic and scientific assessment methods to evaluate the PPP project financial capacity.This paper analyzes the characteristics of PPP projects and comprehensively evaluates the PPP project financial capacityfrom four categories of index system of profitability, investment efficiency, financial viability, and solvency which are extracted from themain factors influencing the project financial and economic capacity. On this basis the mathematical model is built to analyze the PPP project financial capacity quantitatively. The establishment and application of PPP project financial capacity evaluation methodin this paper can provide a theoretical reference for the project investors to grasp the dynamics of the project financial capacity, find potential problems and take the corresponding management measures.