Equitable Financial Evaluation Method for Public-Private Partnership Projects

被引：13

作者：

柯永建 ^{[1
]}

刘新平 ^{[2
]}

王守清 ^{[1
]}

机构：

[1] Department of Construction Management,Tsinghua University

[2] China Development Bank Zhejiang Branch

来源：

TsinghuaScienceandTechnology | 2008年 / 05期

基金：

中国国家自然科学基金;

关键词：

financial evaluation; risk analysis; public-private partnership (PPP);

D O I：

暂无

中图分类号：

F275 [企业财务管理];

学科分类号：

1202 ; 120202 ;

摘要：

The feasibility study of a public-private partnership (PPP) project is regarded as one of the critical factors for successful implementation, but unfortunately the common financial evaluation methods currently used only represent the benefits of the private sector. There is, therefore, an urgent need to develop an eq-uitable financial evaluation method for PPP projects. This paper presents a comprehensive literature review that examines international practices. An equitable financial evaluation method was then developed taking into account the inherent characteristics of PPP projects using six separate indicators and Monte Carlo simulations. The result for a bridge project in Romania shows that the method combines the viewpoints of all the relevant stakeholders to achieve an equitable financial evaluation of PPP projects.

引用

页码：702 / 707

页数：6

共 4 条

[1] An option pricing-based model for evaluating the financial viability of privatized infrastructure projects
Ho, S. Ping
Liu, Liang Y.
[J]. Construction Management and Economics, 2002, 20 (02) : 143 - 156
[2] Shou Qing Wang,Robert L. K. Tiong,S. K. Ting,D. Ashley.Evaluation and Management of Political Risks in China's BOT Projects[J].Journal of Construction Engineering and Management,2000
[3] Sudong Ye,Robert L. K. Tiong.NPV-at-Risk Method in Infrastructure Project Investment Evaluation[J].Journal of Construction Engineering and Management,2000
[4] Malik Ranasinghe.Private sector participation in infrastructure projects: a methodology to analyse viability of BOT[J].Construction Management and Economics,1999(5)

← 1 →