某某市某某区琉璃河湿地公园PPP项目物有所值评价报告某某有限责任公司二〇一五年六月目录第1章项目基本情况...................................................................1一、项目概况.........................................1二、项目服务范围.....................................1三、项目背景.........................................2四、工程方案.........................................4五、项目效果.........................................5六、项目总投资.......................................7七、项目投资模式.....................................7第2章PPP物有所值评价总体思路............................................9一、物有所值评价依据.................................9（一）国家相关法律法规、规划和产业政策.............9（二）某某市相关法律法规、规划和产业政策..........10二、项目物有所值评价背景............................10（一）PPP模式的提出..............................10（二）物有所值评价的提出..........................11三、物有所值（VFM）评价基本思路.....................13（一）评价原则....................................13（二）评价框架....................................14（三）评价对象....................................16第3章PPP模式优势................................................................19一、增加供给........................................19二、优化风险分配....................................19三、提高运营效率....................................21四、促进创新和公平竞争..............................22五、定性评价结论....................................24第4章项目PPP模式风险分配.................................................26一、PPP模式风险分配原则............................26二、项目风险分配建议................................29第5章项目投资效益.................................................................32一、测算基础条件....................................32（一）测算依据....................................32（二）测算前提条件................................33（三）测算原则....................................34（四）财务测算模型................................35二、建设期及运营期费用..............................36（一）建设期费用..................................36（二）运营期费用..................................37三、营业收入........................................38第6章项目投资效益.................................................................39一、物有所值定量评价方法............................39（一）概念与计算..................................39（二）PSC构成....................................40二、物有所值量值的计算..............................42（一）政府传统采购模式下公共部门比较值（PSC）.....42（二）PPP模式下政府全生命周期成本净现值（LCC）...46（三）项目物有所值的量值（VFM）的计算.............50第7章结论与建议....................................................................52一、结论............................................52二、建议............................................52图表目录图1-1琉璃河湿地现状综合评价图........................1图1-2服务区规划图....................................5图2-1决策阶段物有所值评价的基本框架.................16图4-1最优风险转移水平示意图.........................27图4-2PPP项目风险分配流程...........................29图5-1项目投资效益（财务分析）模型示意图.............36图6-1物有所值VFM计算示意图........................40表1-1项目投资估算汇总表..............................7表3-1优化风险...