The Third Batch of PPP Demonstration Projects Demonstrated to Exceed One Trillion Yuan to Encourage Private Enterprises to Participate来源：21世纪经济报道 作者: 阅读：25356 网友评论0条 Updated: 2016-09-22 08:55 Source: reports of the 21st Century Economy: Read: 25356 2010 0 comments
Different from the first two batches of PPP demonstration projects, which were organized by the Ministry of Finance, the latest batch of demonstration projects was jointly promoted by the Ministry of Finance in conjunction with 19 other industry authorities.
In early September, an expert review team organized by 20 ministries and commissions including the Ministry of Finance completed the review of the third batch of PPP demonstration projects.
According to the 21st Century Business Herald reporter, some projects have been notified of successful selection of demonstration projects, and the total investment of the third batch of PPP demonstration projects is expected to exceed one trillion.
Experts involved in the evaluation of demonstration projects told reporters of the 21st Century Business Herald that most of the 1,070 projects declared in various places were in the preliminary preparation stage or had just entered the tender stage. Very few of them identified social investors and chose private enterprises as social investors You can get extra points for projects that are faster and progress faster, while projects in central and western provinces can also get certain points.
Encourage private enterprises to participate
In June this year, the Ministry of Finance, together with the Ministry of Education, the Ministry of Housing and Construction, and a total of 20 ministries and commissions, initiated the third batch of PPP demonstration project application screening.
As of July 25, a total of 1,070 applications have been received from various places. The total planned investment of the project is about 2.2 trillion yuan, involving many public services such as energy, transportation, water conservancy, environmental protection, municipal administration, and pensions.
Different from the first two batches of PPP demonstration projects, which were organized by the Ministry of Finance, the latest batch of demonstration projects was jointly promoted by the Ministry of Finance in conjunction with 19 other industry authorities. The total investment of the first two batches of demonstration projects is 180 billion yuan and 658.9 billion yuan respectively, and the total investment of the third batch of demonstration projects is expected to exceed 1 trillion yuan.
With the continuous promotion of the PPP model, PPP projects have sprung up everywhere. As of the end of July, the Ministry of Finance's PPP Center project library showed that the number of projects in the database had exceeded 10,000 and the total investment exceeded 12 trillion yuan. Some people in the industry told the 21st Century Business Herald reporter that more and more local governments and institutions have joined the PPP tide, the number of projects is increasing, irregular behaviors are also increasing, and the market in 2016 is a bit "disorderly".
At the beginning of September, after 5 days of closed review, the review expert team completed the scoring of the declared project. The Ministry of Finance stated that demonstration projects can help more PPP projects to be implemented, and give full play to the positive role of PPP in stabilizing growth, promoting reform, restructuring, and benefiting people's livelihood.
Jin Yongxiang, an expert who participated in the evaluation of the agriculture, forestry and water group project and the general manager of Dayue Consulting, told a reporter from 21st Century Business Herald that most of the projects submitted for this application are still in the preliminary stage of preparation. Investors' projects get higher scores.
Another expert participating in the evaluation of the municipal group project told a reporter from 21st Century Business Herald that private companies have extra points for participating projects, but it has been determined that there are very few social investor projects, most of which are still in the early approval, project preparation or bidding stages.
Judging from the current local practice, state-owned enterprises are still the main participants in PPP.
Statistics from the Ministry of Finance for the first two batches of demonstration projects show that 105 (232 in total) demonstration projects have landed, of which 82 have entered into the contracted social capital information, and 119 contracted social capital (including individual and consortium participation), There are 43 private enterprises, accounting for 36%.
The review experts also stated that the expert review will screen out those projects that are obviously BT and have fixed returns. The materials reported by these projects have relatively hidden arrangements for fixed returns, but they can also be seen through expert review.
The notice of the joint application of 20 ministries and commissions clearly states that projects using the construction-transfer (BT) method and projects in disguised financing through underwriting commitments and repurchase arrangements will not be accepted.
Some participating experts said that due to the large amount of financing requirements for Midwest projects, the PPP projects in the Midwest are also slightly inclined.
As of the end of June, Guizhou, Shandong (including Qingdao), Xinjiang, Sichuan, and Henan ranked among the top five projects in the PPP project library of the Ministry of Finance, totaling more than half of the projects included in the database.
The logic of PPP's performance improvement is initially verified by the market
Recently, for several consecutive days, PPP concept stocks have become a hot spot in the A-share market. However, on September 21, the PPP concept stocks retreated.
With the advancement of the PPP model, the business volume has increased, and more and more public companies have been involved in PPP announcements. For example, on September 20th, Longyuan Construction announced that it had signed the "PPP Cooperation Contract for Infrastructure and Public Service Construction Projects in Wanfuhe Commercial Logistics Area of Heze Mudan District" with Heze Peony Industrial Park, with a total investment of approximately 3.1 billion yuan.
According to the Longyuan Construction Interim Report, the net profit attributable to shareholders of the listed company was 131 million yuan, an increase of 41.19% over the same period last year. At present, it has undertaken 16.227 billion yuan in PPP business. 5.682 billion yuan.
In addition, the Bishuiyuan Interim Report shows that thanks to the rapid growth of the business of undertaking PPP projects, it realized a net profit of 270 million yuan attributable to mothers in the first half of the year, a year-on-year increase of 76.16%. Oriental Garden also benefited from the continuous promotion of the PPP model and achieved good results. The net profit attributable to shareholders of listed companies in the first half of the year was 297 million yuan, a year-on-year increase of 89.00%.
Guotai Junan believes that due to the economic downturn requiring infrastructure hedging, the landing of PPP orders is sustainable.
CICC believes that the logic of PPP to improve performance has been initially verified. PPP is beneficial to companies with outstanding comprehensive strength. The market share will be concentrated on leading companies represented by listed companies. At the same time, it will better ensure project settlement and payment progress. Sexual cash flow will also improve.
Use WeChat Scan to Add Guten Environmental Protection Network