某某地铁5号线PPP项目物有所值评价报告某某某某二〇一六年四月目录一、物有所值评价定义及意义.........................................1二、编制依据.......................................................2三、编制原则.......................................................2四、项目概况.......................................................3（一）项目背景.................................................3（二）项目名称.................................................3（三）工程概况.................................................31．选线........................................................42．客流规模....................................................43．主要建设内容................................................44．建设标准....................................................45．建设期......................................................46．项目投资....................................................4五、项目产出说明和绩效标准.........................................5（一）产出说明.................................................5（二）绩效标准.................................................5六、项目模式.......................................................5七、项目付费和回报机制.............................................7（一）建设成本补贴..............................................7（二）票价补偿..................................................7八、物有所值定性评估...............................................8（一）全生命周期整合程度评价...................................9（二）风险识别与分配评价.......................................91．风险识别...................................................102．风险分配原则...............................................113．风险分配方案...............................................11（三）绩效导向与鼓励创新评价..................................12（四）潜在竞争程度............................................13（五）政府机构能力............................................14（六）可融资性................................................14（七）补充指标................................................15九、物有所值定性评估结论..........................................17十、物有所值定量评价方法..........................................18（一）PPP模式................................................191．股权支付责任评价...........................................192．运营补贴支出责任评价.......................................203．风险支出责任评价...........................................274．配套支出责任评价...........................................295．汇总分析...................................................30（二）政府传统采购模式........................................301．项目的建设和运营维护净成本.................................312．竞争性中立调整值...........................................333．全部风险成本...............................................344．PSC值测算结果.............................................35十一、物有所值定量评价结论........................................36附件一物有所值定性评价评分标准...................................37附件二物有所值定性评估评分表.....................................42附件三某某地铁5号线PPP项目实施方案（征求意见稿）.............44某某地铁5号线PPP项目物有所值评价一、物有所值评价定义及意义物有所值（ValueforMoney,VFM），是指一个组织运用其可利用资源所能获得的长期最大利益。物有所...