Why is the ppp project completely stopped?

First, in the past few years, there have been problems in its implementation direction and capital chain.

Second, at present, the PPP shutdown area is limited to Xinjiang (afraid of the unified answer) and Inner Mongolia, and there is no news of large-scale shutdown in other places for the time being. The reasons for the shutdown of PPP projects can be roughly divided into the following three categories: (1) government reasons. A typical example is a place in northwest Inner Mongolia, where the government's financial payment ability is weak. With the support of the state (including the central government and central enterprises), various PPP projects have been launched at the key points of the central economic work adjustment, and various PPP projects have been braked urgently. I heard that some projects also require government investment to withdraw. All kinds of social capital can only destroy teeth and swallow blood (2) reasons for building enterprises. At the beginning of the implementation of PPP projects, some projects have signed construction contracts in the early stage, and PPP mode has to be adopted in the later stage due to policy changes. In order to gain market share, some construction units pay in advance and construct in advance before the project completes the warehousing process. As a result, some PPP projects were not put into storage eventually, and the source of income was in doubt. In this case, they have to stop working. It is said that more than 40 billion projects of a central enterprise construction unit were stopped for this reason. (3) The source of funds has not been implemented. Similar to the above situation, the difference is that the project has gone through the normal approval process and has been put into storage. However, due to the reasons of Circular 92 and Circular 23, the project capital cannot be implemented, and the subsequent debt financing is out of the question. The construction units of central enterprises also have various integration pressures themselves, so they can only temporarily stop work, and the start date is not yet known.

Thirdly, according to the data released by Da Yue Consulting in 20 18 1 month, the total shutdown of ppp projects started in 20 18 is about 90 billion. Xinjiang announced that all the ppp projects that had not started were shut down, and several provinces and cities simultaneously stopped cleaning up ppp projects. Theoretically speaking, shutdown means breach of contract, waste of upfront investment and ineffectiveness of cost. In other words, the amount of projects that were built in vain before and may be demolished is 90 billion. Who will bear the loss? What is the construction unit's advance fund for construction? Lending bank? Government? But as far as the current situation is concerned, it is not controversial who stands and who is unlucky. At the same time, 90 billion is not a large amount for ppp projects in recent years, so there is no need to be overly pessimistic. In 20 17, the total ppp in the total investment of the project is about 2.8 trillion yuan, and 90 billion yuan is nine Niu Yi dollars. Mr. Jin Yongxiang, a Da Yue consulting company, was quoted as saying that "the development of ppp has saved a large number of central enterprises in the past 3-5 years", and its volume and influence can be seen. Therefore, for ppp projects, the 90 billion shutdown can only be said that ppp is cold, let alone stopped. At the same time, the cold weather of ppp can only prove that there are problems in its implementation direction in recent years, not its own problems. The country's demand for ppp is still there, and the future development of ppp still has broad prospects.