Research on the revenue distribution of quasi-commercial water projects under PPP mode
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Abstract:
The quasi-commercial water project requires tremendous investment. The Public-Private-Partnership (PPP) model can ease the financial pressure of the government effectively. In the process of applying the PPP mode to quasi-commercial water projects, the cooperative relationship and operation mode between governmental departments and social capital, especially the revenue distribution among various stakeholders, are the prerequisites and key factors for the successful implementation of the PPP model. Based on the cooperative game theory, considering the characteristics of quasi-commercial water projects, we built a revenue distribution model for quasi-commercial water projects under the PPP mode, with the 3 core stakeholders (government, social capital, and franchisee) as the objects of distribution. A case study indicated that this model could produce a more reasonable revenue distribution of the quasi-commercial water project under PPP mode and could fully mobilize the enthusiasm of stakeholders.
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