Core Viewpoint - The article discusses the EPCO model in the cultural tourism industry, highlighting its complexities and the underlying motivations that drive its popularity among stakeholders, particularly local governments and project developers [5][14]. Group 1: EPCO Model Overview - The EPCO model stands for Engineering, Procurement, Construction, and Operation, and is often perceived as a comprehensive solution for cultural tourism projects, but it is more of a profit transfer mechanism than a sustainable management system [9][15]. - The model allows for significant flexibility in budgeting and project execution, often leading to cost overruns and profit manipulation at various stages [10][12]. Group 2: Government Involvement - Local governments often support EPCO projects as they provide a way to achieve performance metrics without deep engagement in the complexities of cultural tourism [14][15]. - The reliance on government funding, such as special interest loans for rural revitalization, is a critical aspect of the EPCO model, which can create financial burdens for project developers [6][15]. Group 3: Risks and Challenges - The EPCO model is susceptible to risks such as changes in local government leadership, tightening of funding policies, and public scrutiny, which can jeopardize project viability [16]. - The article emphasizes that while some companies may currently be profitable, their success is often due to meticulous financial management rather than the inherent quality of the projects [16].
大批文旅项目死在开业前
投资界·2025-08-07 08:41