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- Title
污水处理PPP项目政府补偿机制研究.
- Authors
王春燕; 朱 炜
- Abstract
Scientific and reasonable government compensation mechanism is the key to the success of the sewage treatment PPP project. Based on the principle of dynamic balance of revenue, combined with the characteristics of sewage treatment project PPP, the relationship between SPV’s profits and government compensation was studied. According to the operating income of SPV company, this paper determined the method of solving the income function and the net present value of SPV company. According to the target capital structure of the project and the MATLAB simulation method, the minimum and maximum values of the income of the SPV enterprise were predicted, the government compensated when the income was too low and the government shared the income reasonably when the income was too high, for building reasonable government compensation mechanism. At the same time, the government’s cash flow was predicted for the implementation of the government compensation mechanism, in order to provide the basis for the government compensation under different income status. Finally, the compensation mechanism was applied to an engineering example of a sewage treatment PPP project to verify its feasibility.
- Publication
Yellow River, 2020, Vol 42, Issue 6, p79
- ISSN
1000-1379
- Publication type
Article
- DOI
10.3969/j.issn.1000-1379.2020.06.016