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超10万亿存量PPP项目何去何从?国务院出规范
第一财经·2025-08-21 01:08

Core Viewpoint - The article discusses the new guidelines issued by the State Council regarding the management of existing Public-Private Partnership (PPP) projects, emphasizing the need for a structured approach to handle over 10 trillion yuan worth of existing projects under the new PPP mechanism [3][4]. Summary by Sections New PPP Mechanism - The new PPP mechanism introduced in November 2023 significantly alters the previous model, prompting concerns about the future of existing projects valued at over 10 trillion yuan [3][4]. Implementation of Existing Projects - The guidelines categorize existing PPP projects for implementation, urging expedited construction and timely acceptance for nearly completed projects, while suggesting adjustments for those progressing slowly [4][5]. Financing and Payment Obligations - Local governments and private capital must ensure timely and full payment of project capital. Projects not started by the end of 2024 will not be implemented under the PPP model [5][6]. Government Payment Responsibilities - Local governments are required to fulfill payment obligations for operational projects according to contracts, integrating these responsibilities into budget management [6][7]. Use of Bonds for Risk Mitigation - Some local governments are issuing special bonds to mitigate risks associated with existing PPP projects, with specific allocations such as 50 billion yuan in Inner Mongolia and 369 billion yuan in Yunnan [6][7]. Regulatory Oversight and Cost Control - The guidelines call for enhanced regulatory oversight of existing PPP projects to achieve cost reduction and efficiency, including the potential for fee implementation on previously uncharged projects [8][9]. Contractual Integrity and Dispute Prevention - Measures are proposed to prevent contractual disputes and ensure the protection of rights for all parties involved, emphasizing the importance of contractual integrity and proper handling of contract termination [9].