After years of practice in China, the PPP model has entered a new stage, and the market size has steadily increased since 2022. Recently, a number of major PPP projects have been intensively started in many places.

Specifically, on July 27, the Leiyi expansion project of the Beijing-Hong Kong-Macao Expressway in Hunan Province started and is expected to be completed and opened to traffic in 2025. The total investment of the project is about 21.332 billion yuan, and the project adopts the PPP user payment model; on July 28, the rural water supply PPP project in Pengzhou, Sichuan Province started construction, with a total investment of 2.109 billion yuan; on July 29, Shanghai Xicen Water Purification Plant The construction of the new construction PPP project started; on August 4, Jinta County, Gansu Province held a groundbreaking ceremony for the PPP project of supporting infrastructure for the upgrading of the functions of the Jinta Nuclear Industry Town.

Zhang Yiqun, deputy director of the Performance Management Special Committee of the China Society for Fiscal Science, told the reporter from Seedao.com that since 2022, the state has introduced a series of investment policies to increase infrastructure and advance layout to build a strong investment support for steady growth. As an important way to strengthen infrastructure, PPP will continue to make efforts to expand effective investment and further stabilize the economy.

Xie Logistics, a senior investment consultant of Jufeng Investment Consulting, told the reporter from Seedao.com that the construction of a number of PPP projects in many places will promote the growth of infrastructure investment. In recent years, the vast majority of PPP projects have achieved good returns, driving the enthusiasm of private capital to participate. The government provides good projects, private capital participates, and government-enterprise cooperation is a win-win situation, forming a good cycle.

The latest data from the national PPP comprehensive information platform management database shows that in the first half of 2022, the size of the PPP market will increase steadily. In the first half of the year, 279 projects were newly entered into the database, with an investment of 458.6 billion yuan. As of the end of June, there were 10,354 projects in the library with an investment of 16.5 trillion yuan; 7,934 signed projects with an investment of 13.1 trillion yuan and a signing rate of 79.8%; a total of 5,280 construction projects with an investment of 8.7 trillion yuan, The operating rate is 53.1%; 1,988 service projects have been operated accumulatively, with an investment of 2.8 trillion yuan.

"After several years of development of the PPP model, the quality of the project has been comprehensively improved, and the standardization of project design and management has been generally recognized by the society." Zhang Yiqun said that the government, as an important participant in the PPP project, has provided a good reputation for the long-term and stable development of the project. , which is conducive to expanding financing channels for PPP projects and providing long-term and effective financial support for project construction and operation. The reasonable benefit and risk sharing mechanism of the PPP model is conducive to promoting the early construction and implementation of the project.

The reporter noticed that recently, a series of important documents frequently mentioned the PPP model. For example, in July, the National Development and Reform Commission issued the "14th Five-Year Plan" New Urbanization Implementation Plan, which proposed to guide social funds to participate in urban development, construction and operation, and standardize the promotion of the government-private partnership (PPP) model; the Ministry of Housing and Urban-Rural Development and the National Development and Reform Commission issued the The "14th Five-Year Plan for National Urban Infrastructure Construction" proposes to raise funds through multiple channels, and to promote government-social capital cooperation (PPP) in a standardized and orderly manner. Keywords: infrastructure, infrastructure construction, domestic engineering news, planning and investment

"Vigorously developing the PPP model can quickly gather funds and drive employment, thus playing a role in stimulating economic growth." Xie Logistics suggested that all localities should launch more high-quality projects in the fields of infrastructure, industrial parks, garbage and sewage treatment. .

Zhang Yiqun said that in the second half of the year, PPP will continue to make steady growth. It is recommended to do a good job in the preparation of PPP projects, and promote PPP projects from the perspective of taking into account the equal interests of the government and social capital; at the same time, it is necessary to effectively implement the responsibilities of PPP project stakeholders, and do a good job in project agreement and responsibility sharing planning to ensure the smooth completion of PPP projects. In addition, it is necessary to do a good job in the review of PPP project funds to ensure the safety of project funds and effectively prevent project construction and operation risks. Editor / Xu Shengpeng