Allocation of control rights between governments and companies in urban development PPP projects
WANG Shouqing1, WU Di1,3, PENG Wei2,3, CUI Qingbin3
1. Department of Construction Management and Hang Lung Centre for Real Estate, Tsinghua University, Beijing 100084, China;
2. School of Economics and Management, Tongji University, Shanghai 200092, China;
3. Department of Civil and Environmental Engineering, University of Maryland, MD 20742, USA
Abstract：PPP (public-private partnership) is a new financing mode that eases the financial pressure and promotes efficiency. The allocation of control rights in PPP projects is a critical success factor. The control allocation principles and mechanisms in PPP projects are examined using decision indexes to describe the control allocation and nationwide big data. A guiding index is developed to characterize the statistics in terms of the regions, decision-making processes and allocation entities. Then, the FMEA (failure mode and effects analysis) index was used with survey data for a correlation analysis to explain the allocation mechanism. The shortcomings of China's PPP practices are related to the lack of pertinent regulations, allocation monitoring, and industry and public participation. Finally, suggestions are then given based on this research and international experience.
王守清, 伍迪, 彭为, 崔庆斌. PPP模式下城镇建设项目政企控制权配置[J]. 清华大学学报（自然科学版）, 2017, 57(4): 369-375.
WANG Shouqing, WU Di, PENG Wei, CUI Qingbin. Allocation of control rights between governments and companies in urban development PPP projects. Journal of Tsinghua University(Science and Technology), 2017, 57(4): 369-375.
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2017, Vol. 57 
