准经营性基础设施PPP项目VFM定量评价研究

发布时间：2018-04-30 19:04

本文选题：准经营性基础设施 + PPP　；参考：《西安理工大学》2017年硕士论文

【摘要】：随着我国新型城镇化的加速推进,公众对城市基础设施的需求逐渐增大。而我国的税务制度改革削弱了地方政府的财政能力,快速增长的公共服务需求与地方政府财政能力之间的矛盾日益凸显。因此,将社会资本引入基础设施投资建设领域的PPP(Public-Private-Partnership)模式受到了政府部门的青睐,基础设施建设领域PPP应用日益广泛。然而,PPP仅是提供基础设施产品的选项之一,政府主观偏好某一采购模式或否定某一模式都难免武断,采用科学的可量化的依据来判断该模式是否可以采用、是否物有所值更具公平和客观性(Value for Money,简称VFM)。本文深入了解VFM基本理论,结合我国准经营性基础设施PPP项目具体特点,构建出针对我国准经营性基础设施PPP项目的VFM定量评价模型。首先,文章梳理了与PPP项目相关的VFM定量评价理论与现状,针对我国准经营性基础设施PPP项目的运作模式及特性,提出准经营性基础设施PPP项目VFM定量评价的框架模型。然后介绍了该框架模型的三大组成部分:公共部门比较值(PSC)、PPP值(影子报价PPP值和实际报价PPP值)及内部收益率(IRR),对各部分的组成及计算模型进行了详细阐述,从而构成了完整的准经营性基础设施PPP项目VFM定量评价模型。最后,将新构建的准经营性基础设施PPP项目VFM定量评价模型应用于引汉济渭配套水厂实际案例中,根据具体资料与数据进行实证研究,验证了该模型的可行性及适用性,为我国准经营性基础设施PPP模式的选择提供了科学的量化依据。本文主要研究成果包括以下内容:(1)准经营性基础设施VFM定量评价模型可作为有效完善我国PPP项目前期决策体系的理论模型。该评价模型在PPP项目VFM定性评价基础上,引入定量化决策依据,克服了定性评价中的主观偏差,与VFM定性评价相辅相成,有效完善了我国准经营性基础设施PPP项目前期决策体系,使准经营性基础设施PPP项目真正达到比传统经营模式更有效率,大幅提高了我国准经营性基础设施的建设水平。(2)基于内部收益率(IRR)的VFM定量评价方法被证明是缓解我国准经营性基础设施项目落地难问题的重要解决渠道。我国准经营性基础设施中部分项目经营性收入难以覆盖成本,难免降低社会资本参与积极性。本文制定PSC和IRR结合的VFM定量评价价方法,在检验PPP项目是否比政府传统经营更有效率的同时,满足了私营企业实现自身利益的要求,可有效促进合作双方实现共赢。(3)准经营性基础设施PPP项目VFM定量评价关键参数的计算方法为政府制定PPP项目物有所值评价方法提供了思路。PPP运用较早的国家对VFM已有部分研究,本文在借鉴他们方法的同时,针对我国准经营性基础设施特点,提出VFM中涉及的主要参数的计算方法,为政府制定PPP项目物有所值评价方法提供了思路。
[Abstract]:With the acceleration of urbanization in China, the public demand for urban infrastructure is gradually increasing. The tax system reform of our country has weakened the financial ability of the local government, and the contradiction between the rapidly increasing demand for public services and the financial ability of the local government has become increasingly prominent. Therefore, the PPP model of introducing social capital into the field of infrastructure investment is favored by government departments, and the application of PPP in the field of infrastructure construction is becoming more and more extensive. However, PPP is only one of the options for providing infrastructure products. It is inevitable that the government will be arbitrary in its subjective preference for a certain procurement model or in its negation of a certain model, and use a scientific and quantifiable basis to determine whether the model can be adopted. Whether the value for money is worth it is more fair and objective. Based on the basic theory of VFM and the specific characteristics of quasi-operational infrastructure PPP projects in China, a VFM quantitative evaluation model for quasi-operational infrastructure PPP projects in China is established in this paper. Firstly, the paper combs the theory and present situation of VFM quantitative evaluation related to PPP projects, and puts forward a framework model for VFM quantitative evaluation of quasi-operational infrastructure PPP projects in view of the operation mode and characteristics of quasi-operational infrastructure PPP projects in China. Then it introduces the three major components of the framework model: the public sector comparison value (shadow PPP value and actual PPP value) and the internal rate of return (IRR). The composition and calculation model of each part are described in detail. Thus, a complete VFM quantitative evaluation model of quasi-operational infrastructure PPP project is constructed. Finally, the newly constructed VFM quantitative evaluation model of quasi-operational infrastructure PPP project is applied to the actual case of the Huan-Ji-Wei supporting waterworks, and the feasibility and applicability of the model are verified by the empirical research based on the specific data and data. It provides a scientific quantitative basis for the choice of PPP mode of quasi-operational infrastructure in China. The main research results of this paper are as follows: (1) Quasi-operational infrastructure VFM quantitative evaluation model can be used as a theoretical model to effectively improve the pre-decision-making system of PPP projects in China. On the basis of VFM qualitative evaluation of PPP project, this evaluation model introduces quantitative decision basis, overcomes subjective deviation in qualitative evaluation, and complements VFM qualitative evaluation. It has effectively improved the pre-stage decision-making system of quasi-operational infrastructure PPP projects in China, and made the quasi-operational infrastructure PPP projects more efficient than the traditional management mode. The VFM quantitative evaluation method based on the internal rate of return (IRR) has been proved to be an important solution to alleviate the problem of landing difficulties of quasi-operational infrastructure projects in China. It is difficult to cover the cost of operating income of some projects in the quasi-operational infrastructure in China, which inevitably reduces the enthusiasm of social capital participation. In this paper, a quantitative evaluation method of VFM combined with PSC and IRR is developed to test whether the PPP project is more efficient than the traditional management of the government, at the same time, it meets the requirements of private enterprises to realize their own interests. The calculation method of the key parameters of VFM quantitative evaluation of quasi-operational infrastructure PPP project provides the train of thought for the government to formulate the evaluation method of PPP project value for money. According to the characteristics of the quasi-operational infrastructure in China, this paper puts forward the calculation method of the main parameters involved in VFM, which provides a train of thought for the government to formulate the evaluation method of the value for money of the PPP project.
【学位授予单位】：西安理工大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F283

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