PPP is the abbreviation of public-private partnership. This model is generally used in the field of public services, and usually provides services in the form of market competition. PPP is not only a means of financing, but also a system reform, involving administrative system reform, financial system reform and investment and financing system reform.
PPP projects have certain characteristics, such as the deep participation of enterprises in the early stage of scientific research; Government participation is deeper in the process of construction management and operation in the middle and late stage of the project; Moreover, with the participation of enterprises and the government, the cooperation time is longer and the information is more symmetrical.
The general process of PPP project includes project establishment, project screening, value-for-money evaluation and financial affordability demonstration. Project initiation includes government initiation and social capital initiation. Social capital should recommend potential government and social capital cooperation projects to the government and social capital cooperation centers in the form of project proposals.
Value-for-money evaluation refers to paying attention to whether the cooperation mode of government and social capital can increase supply, optimize risk distribution, improve operational efficiency, promote innovation and fair competition compared with the traditional government procurement mode. Judge whether the cooperation mode of government and social capital reduces the whole life cycle cost of the project.
PPP projects announced by the National Development and Reform Commission usually include urban-rural integration of domestic waste treatment in Dali; Jiangxi Xiajiang Water Control Project; Shaanxi Nangoumen Water Control Project; Suzhou Wuzhong Vein Garden Waste Incineration Power Generation Project; Weinan natural gas utilization project; Chongqing Fuling-Fengdu Expressway Project, etc.