Port communicationHow to make good use of financial leasing in PPP projects? (Recommended useful information!) PPP projects are currently very popular,But financing problems may become a roadblock。
Because PPP projects are mostly long-term contracts,Need to match stable medium and long-term funds,To avoid cash flow management risks during project construction and operation,The financial leasing model is very suitable for this demand.,For air supply、water supply、powered by、toll road、Existing cash flow from tourist attractions, etc.,This is especially suitable for PPP projects with fixed assets.。Therefore, financial leasing will be one of the important financing methods for PPP projects.。
Financial leasing is a combination of financing and property financing、Trade and technology updates integrated,Essentially, the purpose of financing is achieved through financing.,Suitable for large-scale projects such as infrastructure、Long-term PPP projects。The main models of financial leasing include direct financial leasing、Equipment finance lease and sale and leaseback。Direct financial leasing(or equipment finance lease),Leasing companies finance the purchase of equipment or real estate,Rented to project companies for use。
during the lease period,The ownership of the equipment belongs to the leasing company,The project company has the right to use and profit from the equipment,Pay rent to leasing company in installments。This model can solve the financing problem of large equipment or real estate with high acquisition costs.,Alleviating the pressure on infrastructure funds in the early stages of the project。Sale and leaseback in progress,The project company sells its own equipment or real estate to the leasing company,Rent back for use,Capture vast stock of assets、Improved financial performance。
Compared with other financing methods such as bank credit, the above model,Financial leasing obviously has fewer restrictions、Simple procedure、Flexible approach、able to adjust taxes、Improve financial situation、Long term use of funds、Lessee companies have less debt repayment pressure、Reduce the intermediate links and the direct purchase of equipment by lessee enterprises
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Advantages
;And through "financial leasing",Not only can you raise valuable funds,A more important role is to achieve the expansion of corporate assets、Business structure adjustment、Revitalize existing assets,And realize the transformation of operating mechanism、Management upgrade,To achieve the purpose of maximum appreciation of capital。
So for including gas supply、water supply、powered by、toll road、Existing cash flow from tourist attractions, etc.,For PPP projects with fixed assets, it is very suitable to solve the funding problem through financial leasing.。
According to statistics,There are currently 15,966 projects in the PPP project database.,The total project investment is 15.9 trillion yuan,involving energy、Transportation、water conservancy、environmental protection、agriculture、forestry、Major municipal projects and other fields,so,It’s time for financial leasing business to intervene in PPP development,Financial leasing companies should also play an important role in the PPP trend,Actively and better participate in public services,Seize the business opportunities of infrastructure PPP model。
in fact,As a new option for PPP project financing,The business model of financial leasing also complies with the policy call of the central government to vigorously promote the PPP model.,Help local governments revitalize existing assets,Reduce local government debt burden。
"Guiding Opinions on Accelerating the Development of the Financial Leasing Industry" issued by the General Office of the State Council(State Council issued [2025] No. 68),Proposed overall development opinions on the financial leasing industry,It is clearly stated that “increasing the public services provided by people’s governments at all levels”、Purchase of financial leasing services in infrastructure construction and operation”,Provided policy support for financial leasing business to intervene in PPP projects。
In PPP projects, it is necessary to use live、Make good use of financial leasing currently in my country,There is not much practice in applying financial leasing to PPP projects.,This model is still in the exploratory stage,Therefore, on the one hand, PPP projects need to actively introduce financial leasing models,Work hard、Make good use of financial leasing methods;on the other hand,Financial leasing companies must also have an innovative spirit,Actively participate in PPP projects。
one：PPP projects must grasp the introduction model, that is, PPP projects must be based on project financing
Require
,Go to choose direct financing leasing、Equipment financial leasing or sale-leaseback financial leasing model。two：By making good use of the intervention model, financial leasing companies can participate in PPP projects through "traditional intervention",You can also "deeply intervene"。“Traditional intervention” refers to the participation of financial leasing companies in PPP project financing as a fund provider。
This method is mainly used in the construction stage of PPP projects.,The business model is "direct leasing",The term is 3-5 years。It can also be adopted as "sale and leaseback"。
"Deep involvement" refers to the way in which financial leasing companies directly invest in PPP projects as social capital parties,In essence, it is an investment behavior,That is, the financial leasing company acts as social capital or one of its parties,Invest in SPV company,and in the construction of PPP projects、Participate in the entire operation,The purpose is to obtain long-term stable income。three：Master the business methods such as,When the government adopts the financial leasing model,An SPV company should be established first。
Before the PPP project starts,SPV company first cooperates with social capital(For example, a financial leasing company)Sign relevant contracts,at this time,The SPV company is equivalent to the lessee,Social capital is equivalent to the lessor。Bundling characteristics according to PPP model,The project can be divided into two phases: construction and use。After signing the contract,Entered the construction stage,Build infrastructure with social capital。
During the use phase of the infrastructure,SPV company provides supporting services,and is also responsible for maintaining the infrastructure,The public sector provides appropriate subsidies to SPV companies.,And regularly pay unified financial lease rent to social capital。When the lease period stipulated in the contract expires,Infrastructure is owned by government departments。
Four：Financial leasing companies must guard against risks as PPP projects involve many departments,The approval procedures are complicated,High degree of specialization;Most of them are long-term contracts,Large demand for funds,The payback period lasts 20-30 years or even longer,Problems arise in any link,This will lead to extension of the construction period or even termination of the project.,There are a lot of risks at any time during the operation。
therefore,Financial leasing companies intervene in PPP projects,Whether it is "traditional intervention" or "deep intervention",Risks need to be guarded against during operation。
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