The pure commercialization of real estate projects packaged as PPP, the project risk by the government underwriting, "heavy construction, light operation" tendency is still serious ...... Ministry of Finance recently held to further promote the standardization and development of PPP work symposium on PPP. The existence of disguised financing problems in the project once again issued a warning. At present, the need to focus on the rectification of various types of "pseudo-PPP", so that the PPP model more healthy development.
The PPP model, that is, the government and social capital cooperation model, the core is the introduction of market mechanisms and resources in the field of government public **** services, to promote the quality and efficiency of public **** services, rather than simply to solve the problem of local government financing.
However, for some time now, some local governments have been using economic development as an excuse to raise debt and finance illegally in the name of PPP, adopting government buyback and promising fixed investment returns to engage in "real debt". The emergence of "pseudo-PPP" highlights the lack of local governments' conceptual change, especially the over-reliance on traditional financing paths.
Regulating the development of PPP, first of all, to guard the bottom line of risk. Some local governments through the PPP, the government to buy services and other methods, disguised debt, resulting in rapid growth in the scale of debt, some local debt rate exceeded the alarm line, the formation of risk points. In this regard, localities should unify their understanding to the requirements of the National Financial Work Conference on the strict control of the increment of local government debt, and erect a high firewall to the development of PPP.
Regulate the development of PPP, but also clear institutional boundaries. For not belonging to the pure commercialization of public **** service projects and only involved in the construction, no operational content of the pure engineering projects, can not continue to let it under the banner of PPP secretly.