The hottest PPP enters the second half. Where shou

PPP enters the second half, where should the smart street lamp PPP project go

recently, the Ministry of Finance announced the notice on regulating the management of the project library of the government social capital cooperation (PPP) comprehensive information platform (CBJ [2017] No. 92, hereinafter referred to as "No. 92 document"), taking the project library as the starting point, it put forward the requirements for PPP projects, and clearly defined the three standards for the warehousing of new PPP projects and the five standards for the return of PPP projects that have been warehoused, It also requires the financial departments of all provinces to complete the cleanup of the project management library in the region by March 31, 2018, which is the strictest new regulation in the history of PPP

for people in the PPP circle, the introduction of document 92 is a shock. Public opinion generally believes that the PPP market has entered the era of strong regulation, and all kinds of violations will be cleaned up

PPP experts from Datang Telecom Energy Saving Service Co., Ltd. said that the introduction of this document will have a significant impact on the PPP projects that have been implemented, are being implemented and will be implemented. For example, in the short term, there may be a reduction in the number of warehousing, and the growth rate of the overall scale of the PPP market (in terms of warehousing projects) will slow down. "It is certainly a shock to the illegal fake PPP, but in the long run, it is actually a great benefit to the enterprises that really do PPP. Through supervision, it is more conducive to the sustainable development of the PPP market." He said

No. 92 civilization clearly stipulates the following warehousing standards for new PPP projects:

(I) it is not suitable to adopt PPP mode for implementation

including those that are not in the field of public services and the government has no obligation to provide, such as commercial real estate development, investment promotion projects, etc; Because it involves national security or major public interests, it is not suitable to be borne by social capital, and the speed ratio can reach as much as 1million times; It only involves engineering construction and has no operation content; Other situations that are not suitable for the implementation of PPP mode

(II) the preliminary preparations are not in place

including the new, reconstruction and expansion projects that fail to perform the relevant project approval procedures as required; The stock items involving the transfer of state-owned assets rights and interests fail to go through the relevant state-owned assets approval and evaluation procedures as required; Failing to pass the evaluation of value for money and the demonstration of financial affordability

(III) failure to establish a pay for performance mechanism

including obtaining returns through government fees or feasibility gap subsidies, but failure to establish a payment mechanism linked to the project output performance; The government payment or feasibility gap subsidy has not been paid continuously and smoothly during the project cooperation period, resulting in a sharp increase in financial expenditure pressure in a certain level B, C, D, e, f period; The project construction cost does not participate in the performance appraisal, or the part actually linked to the performance appraisal results accounts for less than 30%, which solidifies the government expenditure

two obvious keywords are "public service" and "government payment". In fact, the main idea of Document No. 92 will be consistent with the idea of the relevant specifications that have been issued before, which has been "released" for many times before. On November 1, at the third China PPP Financing Forum, Wang Yi, director of the Department of finance of the Ministry of finance, publicly said that the Ministry of Finance organized the centralized cleaning up of the project library, and for projects that did not meet the conditions and did not carry out the "two demonstrations" in a standardized manner, especially those that did not have the attribute of public goods, did not have capital in place or were not self owned after capital penetration, did not establish a long-term pay for performance mechanism, and were overly dependent on government fees, It should be eliminated. Document 92 is more specific. For example, according to the requirements of the document, the project payment should be linked to performance, and should not be less than 30%. In this way, PPP projects packaged in disguise will be reduced after performance is linked

Datang energy saving is the first large-scale energy-saving service enterprise to set foot in EMC contract energy management project in China, and shows great interest in PPP mode. "Professional people do professional things". The chicken in PPP mode is ready to eat. The company has also obtained the filing qualification of the national development and Reform Commission and the Ministry of Finance energy-saving service company, and the 4A level energy-saving service company's comprehensive ability certification. It has the advantages of strong risk resistance and high resource integration ability, and has established a professional team, but how to eat is still worth exploring for them

impact on smart streetlight PPP projects and social capital

can withstand the impact of high and low temperature cycles

PPP insiders said that, first of all, PPP is still an important financing model, and government paid projects, as an important part of the market, may be controlled, but are unlikely to be banned; Secondly, the core contradiction of the PPP project market is changing, and the project planning ability to fully tap the franchise rights is being paid more and more attention

"that is to say, in the future, social capital should improve the operation efficiency, give full play to the initiative of social capital, and fully tap the business attributes of the project will become the top priority." Datang energy saving PPP experts said that the project should be operated, and there would be no long-term benefits without operation

the company believes that the issuance of Document No. 92 puts forward higher requirements for the operating capacity of social capital. Social capital should adapt to market changes, strengthen the construction of operating capacity, and speed up the transformation from the role of project investors and contractors to operators. "When PPP enters the stage of standard 2.0, social capital with strong operation ability and strong full cycle resource integration will be more competitive."

from the perspective of project return mechanism, the data shows that up to now, among 14220 projects in the project library, 4990 are government paid projects, accounting for more than 1/3 of the total number of projects. In the hot smart city field, there are 33 government fees, 41 feasibility gap subsidies and 34 user fees, that is, government fees and government subsidies are still the main. Although in the smart city PPP projects, the operation of smart street lamps and smart parking systems is relatively mature, there are still few projects that can really realize the construction and landing

annual sales of $30million is obviously not a new requirement for smart streetlights to explore new profit models, but now, I'm afraid the pace of exploration needs to be further accelerated

street lamps are valuable real estate resources, far more than lighting. At present, smart street lamps can integrate subsystems such as LED lighting, intelligent security equipment, 4G micro base station, WiFi, LCD screen, LED traffic guidance screen, electric vehicle charging pile, environmental sensor, etc., face major public and commercial lighting scenes such as urban roads, tunnels, business districts, scenic spots, etc., build WiFi wireless cities, and connect with smart city systems. Although each additional function will increase the cost, it is very valuable to comprehensively upgrade the lighting facilities at one time

in fact, the construction of smart street lamp system has made traditional lamp poles have the attributes of comprehensive utilization and operation. PPP project companies can produce more profitable by-products when providing public goods or services (such as maintenance) required by the government

at present, the project revenue of smart streetlights mainly falls into two categories: one is vertical application charging, such as information publishing based services (LED advertising screen/communication induction screen), charging pile charging, etc., but this kind of charging model is just emerging, and has not yet formed an industrial scale, and there is no sufficient evaluation basis to match. PPP projects generally require that the benchmark income within ten to twenty years be calculated at present, so it is difficult to calculate accurately

popularize smart streetlights in smart tourism business district, and it is expected to carry out various data value-added operations.

the second category that may generate revenue is big data. Big data is the core content of smart cities, but most of the current big data is used for precise marketing of merchants. Taking the application of wireless smart tourist attractions and business districts as an example, data collection based on WiFi through street lights can carry out precision marketing and advertising push, and greatly improve the economic value-added of business districts. Another frequently mentioned application is monitoring and early warning. At present, urban data has not yet formed an urban data mine, and the government needs to further strengthen the formulation of data opening policies and data protection laws

johncouch, vice president of gooee, a connected lighting company, previously said that by 2019, the intelligent lighting system using IOT technology will bring about $550billion in software and services to the industry, while the revenue from hardware sales is only $50billion. For LED lighting enterprises, at present, they can only share the revenue from hardware sales, so how to ensure that they can get this share while also making profits in software and services, such as mastering all kinds of data collected through street lamps and charging general data processing service fees, is one of the key points that led enterprises need to explore in the future

on the one hand, the construction of new smart cities is increasingly inseparable from PPP mode, and the construction of smart street lamps is even more inseparable from the support of PPP mode; On the other hand, IOT, cloud computing, 5g and other new generation information technologies are making rapid breakthroughs. The release of Document No. 92 at such a critical moment is bound to make smart city builders truly return to reality: thinking about how to obtain long-term return on investment through operational services. In this way, the situation of PPP is expected to be improved, and smart streetlights are also expected to take off. From this point of view, the introduction of Document No. 92 is not a good thing