Research Article
Highway Project Value of Money Assessment under PPP Mode and Its Application
Table 8
VFM comparison under different scenarios, unit: million Yuan.
| | Scenarios | Construction of expenditure | Operating subsidies per year | PSC | PPP | | |
| | Baseline scenario | 587.00 | 43.27 | 1449.99 | 1208.14 | 241.85 | 16.7% | | Scenario 1: Local governments are responsible for LAR | 609.07 | 41.82 | 1446.38 | 1206.26 | 240.12 | 16.6% | | Scenario 2: discount rate 6% | 587.00 | 60.05 | 1323.43 | 1216.97 | 106.46 | 8.0% | | Scenario 3: Business tax and surcharges | 587.00 | 39.43 | 1391.03 | 1149.11 | 241.91 | 17.4% |
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