XOD模式价值实现机制及隐性债务风险防范探讨——以水安全保障导向的开发(WOD)模式为例  

Discussion on the value realization mechanism and hidden debt risk prevention of XOD Model:A case study of water-security-guarantee oriented development(WOD)Mode

作　　者：张建红 翟广永 裴晓桃[3] ZHANG Jianhong;ZHAI Guangyong;PEI Xiaotao(China International Engineering Consulting Corporation,Beijing 100048,China;Beijing South-to-North Water Transfer Loop Management Office,Beijing 100176,China;Beijing Institute of Economics and Management,Beijing 100102,China)

机构地区：[1]中国国际工程咨询有限公司,北京100048 [2]北京市南水北调环线管理处,北京100176 [3]北京经济管理职业学院,北京100102

出　　处：《水利发展研究》2024年第1期20-26,共7页Water Resources Development Research

摘　　要：当前,单一靠财政投入已远不能满足城乡建设发展的需要,XOD模式作为一种创新型的项目组合实施方式应运而生。XOD的核心机理是“增肥哺瘦”,需要通过组合投资、溢价回收、协同增效3大机制和关联关系、一体开发、自求平衡3大原则来实现。实施WOD项目通常需要经过5大阶段。通过分析运行机制和操作流程,发现WOD模式在实施过程中,如操作不当,也会存在地方政府隐性债务风险。通过优化WOD运行条件、依法合规实施项目、构建全过程风险管控体系等措施,可以从一定程度上降低WOD项目的隐性债务风险。At present,a single financial investment is far from being able to meet the needs of urban and rural construction and development,and XOD mode has emerged as an innovative way of project portfolio implementation,which needs to be realized through three mechanisms of portfolio investment,premium recovery and synergy,as well as three principles of correlation,integrated development and self-balancing.As for WOD mode,the implementation of the relevant projects usually needs to go through 5 major stages.By analyzing the operation mechanism and process,it is found that in the implementation process of the WOD mode,there may be hidden debt risks for local governments if it is operated improperly.However,such risks can be reduced to a certain extent by optimizing the operating conditions,implementing the projects in accordance with the law,and establishing a whole-process risk control system.

关 键 词：XOD模式 WOD模式 价值实现机制 地方政府隐性债务风险 操作流程 

分 类 号：F812.5[经济管理—财政学] F406.7