TITLE:
When PPP Meets Asset Securitization—The First PPP Experience Enlightenment Project of Asset-Backed Special Programs
AUTHORS:
Jing He
KEYWORDS:
PPP Projects, Asset Securitization, Project Financing
JOURNAL NAME:
Open Journal of Social Sciences,
Vol.7 No.12,
December
6,
2019
ABSTRACT: PPP mode as the government and the community to provide new capital
cooperation mode of public goods and
public services, attracted widespread
attention in recent years. The theory and practice of asset securitization can revitalize the stock
of assets, improve PPP flow of project assets, innovation PPP refinancing and social capital exit channels, an effective
solution to PPP financing difficulties faced stimulates investment enthusiasm, both natural fits of the long term asset securitization are PPP inevitable development of the project trend. Taking the first four PPP project asset support special plans in 2017 as
an example, this paper analyzes the “PPP +
ABS” innovative public utility project financing mode from the aspects of
necessity and value, basic assets, transaction structure design, credit
enhancement, etc., points out the existing problems in the current PPP project
asset securitization financing. This
innovative public utility project financing noted the
current PPP securitization financing problems in project assets, raised about
how to use the asset securitization financing tool to help PPP policy
recommendations to promote the safe and orderly project.