县区PPP项目的三角僵局

Core Viewpoint - The implementation of the "84 Document" aimed at optimizing the financing environment and clarifying responsibilities in PPP projects has faced significant challenges at the county and district levels, leading to a lack of effective transmission of policy benefits to grassroots levels [1][7]. Group 1: Challenges in Implementation - The investment scale of existing PPP projects at the county level accounts for 42.41% of the total investment, but these projects often require government financial support due to their small individual scale [1]. - Key issues faced by county-level projects include difficulties in financing, delayed fiscal payments, fluctuating tax policies, and a lack of coordination mechanisms [2][8]. - The "three-way deadlock" among government, social capital, and banks has emerged, where the government lacks funds, social capital cannot bear the costs, and banks are unwilling to cooperate [2][3]. Group 2: Coordination and Communication Issues - The lack of effective coordination mechanisms at the grassroots level has hindered communication between social capital, financial institutions, and government [2][3]. - Financial institutions prioritize their own risk management and profitability, leading to a reluctance to adjust loan terms despite the encouragement from the "84 Document" [3][5]. - The hierarchical approval system within banks complicates the process of implementing the "84 Document," as local branches lack decision-making power [4][5]. Group 3: Recommendations for Improvement - It is suggested that the Ministry of Finance collaborate with financial regulatory bodies to develop detailed implementation guidelines to facilitate the execution of the "84 Document" [2][9]. - Local governments are encouraged to seek assistance from professional institutions to navigate disputes and improve decision-making processes [9]. - The establishment of special bonds for PPP projects is proposed to address financing issues and support the needs of existing projects [10].