我国PPP项目融资方式选择的优序分析  

Analysis of the Priority of the Choice of Financing Methods for PPP Projects in China

作　　者：曹启立 王艺洁 李少春 CAO Qili;WANG Yijie;LI Shaochun(Chinese Academy of Fiscal Sciences,Beijing 100142,China;China Development Bank Shenzhen Branch,Shenzhen 518031,China;China National Investment Consulting Co.,Ltd,Beijing 100034,China)

机构地区：[1]中国财政科学研究院,北京100142 [2]国家开发银行深圳分行,广州深圳518031 [3]中投咨询有限公司,北京100034

出　　处：《建筑经济》2019年第11期63-67,共5页Construction Economy

摘　　要：项目融资是PPP模式运作的核心内容和关键环节,不仅关系到项目成功落地和实施效率,同时也会影响PPP项目的长期发展。本文在分析PPP项目全生命周期融资需求的基础上,梳理我国PPP项目常见融资方式,再从不同项目收入机制角度展开融资方式的适用性比较和优序结构分析,并基于此对PPP项目股权融资的优势作进一步概括性分析,以此为PPP项目融资结构设计和融资决策提供参考建议。Project financing is the core content and key link of the PPP model operation,which not only affects the successful landing and implementation efficiency of the project,but also affects the long-term development of the PPP project.Based on the analysis of full life cycle financing requirements for PPP projects,this paper combs the common financing methods of PPP projects in China,and carries out applicability comparison and priority structure analysis of the different financing method from the perspective of income mechanism.On the basis,further analyzes the advantages of equity financing in PPP projects,provides reference for the financing structure design and financing decision of PPP projects.

关 键 词：PPP 项目融资 融资优序 股权融资 

分 类 号：F285[经济管理—国民经济]