科研管理

科研管理 ›› 2014, Vol. 35 ›› Issue (1): 156-161.

• 论文 • 上一篇    

基于政府角度的PPP项目融资效益研究—以BOT与BOO模式为例

汤薇, 吴海龙   

  1. 东南大学经济管理学院, 江苏 南京 210009
  • 收稿日期:2012-02-09 修回日期:2012-11-06 出版日期:2014-01-25 发布日期:2014-01-25

Research on PPP project financing efficiency from government perspective——Taking BOT and BOO modes as examples

Tang Wei, Wu Hailong   

  1. School of Economics & Management, Southeast University, Nanjing 210009, Jiangsu, China
  • Received:2012-02-09 Revised:2012-11-06 Online:2014-01-25 Published:2014-01-25

摘要： 公私合营的PPP模式能有效解决政府项目资金不足，其融资模式选择和评价成为重要问题。本文根据财务评价方法，提出项目融资方案的评价指标——项目融资效益。从政府角度出发，建立特许经营项目BOT和BOO两种模式的融资效益模型和计算步骤，以煤矿项目为例进行验算，结论表明BOT模式更适合此类项目。两种模式融资效益存在差异的原因在于分析立场和计算时间。论文研究的融资效益模型为各种特许经营项目融资方案综合评价提供重要指标和方法。研究结论可用于此类项目融资模式的选择、设计与优化。

关键词: BOT, BOO, 融资效益

Abstract: Public private partnership (PPP) can help solving the shortage of government project investment, so its financing mode selection and evaluation problemsare much more important. According to the financial evaluation method, the paper puts forward an evaluating target called "Project Financing Benefit", and from the government's perspective, it gives out the financing efficiency formula and calculation steps of BOT and BOO modes for franchising projects. After that, a coal mine project analysis is made as an example and the conclusions show that BOT mode is more suitable for this kind of project than BOO, and the reasons for the difference of the two financing benefits lie in the analysis position and calculation time. The project financing efficiency model can provide important indicators and methods for the comprehensive evaluation of these varieties of financing scheme, and the conclusions can be used for thechoice, design and optimization of this kind of franchise project financing model.

Key words: BOT, BOO, Financing efficiency

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