PPP融资模式在非经营性基础设施项目中的应用研究

发布时间：2018-06-26 08:54

本文选题：非经营性基础设施 + PPP　；参考：《安徽大学》2016年硕士论文

【摘要】：随着我国经济的持续快速发展,城镇化的进程不断加快,对基础设施的需求日益加大。长期以来,政府以投资者、管理者和经营者的多重身份介入城市非经营性基础设施项目的建设,形成了一种高投入、低效率、低水平的公共产品生产模式,由于非经营性基础设施所具有的准公共物品性、自然垄断性以及资金的集合性等特点,政府部门面对巨额的城市基础设施建设资金需求,传统的融资方式已经显得迟缓无力。如何加快政府投资项目融资方式的改革,提高投资效率,广泛吸引社会资本进入城市基础设施建设等领域,解决城镇化建设时期的资金供需矛盾,成为了政府投资非经营性基础设施项目建设中的重中之重。PPP (Public Private Partnership),常译为“公共-私营-合作机制”,本质上是政府与社会资本的合作,为提供公共产品和服务而建立的全过程合作关系。私营企业与政府部门,在明确双方权力和义务的基础上,以利益共享和风险共担为特征,充分发挥双方的优势,从而提高公共产品或服务的质量和供给效率。在当前经济形势下,PPP模式能够促进投资主体的多元化,拓宽资金来源渠道以及加快投融资体制改革,在转化政府职能、缓解政府财政压力、化解地方政府性债务风险、提高资金使用效率等方面发挥了积极有效的作用,改善了公共物品供给效益,提升了社会服务的质量,因此PPP为我国基础设施项目的发展建设提供了一种适应性强的模式。本文以委托代理理论、公共物品理论、基础设施可销售性理论和开发性金融理论为基础,归纳综述了国内外非经营性基础设施项目投融资模式的研究现状,概述了PPP模式的定义、分类和典型模式。接着,在论述非经营性基础设施项目发展现状、传统融资模式的类型、发展以及制度变迁的基础上,阐述了非经营性基础设施项目采用传统融资模式的弊端以及采用PPP融资模式的必要性,并采用管理学中的SWOT分析方法,紧扣本文的研究重点,从私营企业的角度对非经营性基础设施项目选择PPP融资模式的可行性进行了多方面的分析。同时基于物有所值理论的评价体系,在分析基础设施PPP项目决策特点的基础上,采用定性分析与定量分析相结合的方法,详细论述了PPP项目的决策机制。最后,结合我国现有阶段PPP模式存在的问题,从法律制度建设、政府扶持建设、风险管理建设、信息平台建设等多个层面提出完善PPP模式的政策建议。
[Abstract]:With the continuous and rapid development of China's economy, the process of urbanization is accelerating and the demand for infrastructure is increasing. For a long time, the government has intervened in the construction of Urban Non operational infrastructure projects with the multiple identities of investors, managers and operators, forming a high input, low efficiency and low level of public product production mode. Because the non operational infrastructure has the characteristics of quasi public goods, natural monopoly and the collection of funds, the government departments have become slow and weak in the face of huge capital needs of urban infrastructure construction, and how to speed up the reform of the financing methods of the government investment projects and improve the efficiency of investment. To attract social capital into the construction of urban infrastructure, and to solve the contradiction between supply and demand of funds during the period of urbanization, it has become the most important.PPP (Public Private Partnership) in the construction of the government investment non operational infrastructure projects, which is often translated as "public private partnership", which is essentially the combination of government and social capital. A full process partnership for the provision of public goods and services. Private enterprises and government departments, on the basis of defining the rights and obligations of both parties, give full play to the advantages of both parties, with the characteristics of benefit sharing and risk sharing, so as to improve the quality and supply efficiency of public goods or services. In the current economic situation, the PPP model It can promote the diversification of the investment subject, broaden the sources of funds and accelerate the reform of the investment and financing system. It has played an active and effective role in transforming government functions, alleviating government financial pressure, resolving local government debt risks and improving the efficiency of capital use, and has improved the benefit of public goods supply and promoted social service. Therefore, PPP provides an adaptable model for the development and construction of infrastructure projects in China. Based on the principal-agent theory, public goods theory, infrastructure sales theory and development finance theory, this paper summarizes the current research status of investment and financing model of non operating infrastructure projects at home and abroad, and summarizes the current situation of the research on the investment and financing models of non operating infrastructure projects at home and abroad. The definition, classification and typical model of PPP model are introduced. Then, on the basis of the development status of non operational infrastructure projects, the types, development and institutional changes of traditional financing models, the disadvantages of using traditional financing models for non operating infrastructure projects and the necessity of adopting the PPP financing mode are expounded, and the management science is adopted. The SWOT analysis method in this paper is closely related to the research focus of this article. From the perspective of private enterprise, the feasibility of the choice of PPP financing model for non operational infrastructure projects is analyzed. At the same time, based on the evaluation system of the value theory, the qualitative analysis and quantitative analysis are adopted on the basis of the analysis of the characteristics of the infrastructure PPP project decision. In this paper, the decision-making mechanism of the PPP project is discussed in detail. Finally, in the light of the existing problems of the PPP mode in the present stage of our country, the policy suggestions for improving the PPP model are proposed from the legal system construction, the government support construction, the risk management construction, the information platform construction and so on.
【学位授予单位】：安徽大学
【学位级别】：硕士
【学位授予年份】：2016
【分类号】：F283

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