基于案例的中国PPP项目特许权协议动态调节措施的研究

摘要

合理的特许权协议动态调节措施对减轻项目不确定性、保障风险在各参与方之间的公平分担有着重要意义。通过对1994~2013年间中国31个典型PPP项目的分析，识别和定义了7种具有代表性的特许权协议动态调节措施，并结合案例分析了其在项目中发挥的作用。结合 PPP 项目风险分担的原则，提出了特许权协议动态调节措施的选择框架，并就如何使其更好地发挥作用提出了相应的政策建议。研究结果为完善我国PPP项目风险管理，促进PPP项目特许权协议谈判提供了重要参考。%Dynamic adjusting measures in concession contracts are widely used in PPP projects to ensure fair risk allocation among stakeholders. Based on 31 PPP projects selected between 1994 and 2014 in China,this paper defines and identifies 7 types of adjusting measures and analyzes their corresponding effects on each project’s success or failure. Further,based on the risk allocation principles of PPP programs,a selection framework for choosing dynamic adjusting measures is proposed. Political suggestions are also offered for better its functioning. The paper provides a theoretical basis to improve China’s PPP projects’ risk management and an important practical reference for negotiating and bargaining the PPP concession agreement.