BOOT项目融资模式的回报机制分析研究  

Research on the return mechanism of BOOT project financing mode

作　　者：李昊 王雷 LI Hao;WANG Lei(Hebei Institute of Investigation&Design of Water Conservancy&Hydropower Group Limited,Tianjin 300220,China;Hebei Water Affairs Co.Ltd,Shijiazhuang 050011,China)

机构地区：[1]河北省水利水电勘测设计研究院集团有限公司,天津300220 [2]河北水务有限公司,石家庄050011

出　　处：《水科学与工程技术》2024年第3期94-96,共3页Water Sciences and Engineering Technology

摘　　要：BOOT项目融资模式回报机制主要有两种测算方式,即计算运营期内各年政府运营补贴支出数额的公式(简称“21号文公式”)和等额本息年金公式。以河北省献县城乡一体化新建开发区水厂及输水管道工程特许经营项目为例,通过测算对比发现,采用“21号文公式”测算的政府补贴数额在特许经营前期要少于等额本息年金公式测算数额,后期则要多于等额本息年金公式测算数额。当特许经营年限为30年时,采用“21号文公式”的政府补贴总数额少于等额本息年金公式测算政府补贴总数额。在特许经营回报机制中采用21号文公式可以减轻政府前期的财政压力,更加有利于推进水源工程建设。There are two main ways to measure the return mechanism of BOOT financing model,Ministry of Finance No.21 formula and equal principal and interest annuity formula.Taking the water plant and water pipeline project in the new urban-rural integrated development zone of Xian County in Hebei province as an example.By comparing and calculating,the amount of government subsidy calculated by No.21 formula is less than that calculated by the equal principal and interest annuity formula in the early period of franchise,and more than that calculated by the equal principal and interest annuity formula in the later period.When the franchising period is 30 years,the total amount of government subsidies is calculated by using the No.21 formula to compare with the equivalent principal and interest annuity formula.The use of No.21 formula in the franchise return mechanism can greatly alleviate the government’s financial pressure in the early stage and be more conducive to promoting water source engineering construction.

关 键 词：特许经营项目 BOOT融资模式 回报机制 政府补贴 

分 类 号：TV[水利工程]