Author(s)

Zhu Yangang

Corresponding Author

Zhu Yangang

ABSTRACT

The essence of PPP model is to establish a new type of cooperation between government and social capital that shares benefits, shares risks, and balances responsibilities. In practice, the lack of institutional supply and the lack of rules framework together lead to the failure to form an effective PPP regulatory system. Although PPP contracts have provided a clear basis for the distribution of legal risks between the two sides, the legal risks caused by insufficient legislative supply, abuse of administrative power, and lack of judicial relief have become important factors that hinder the healthy development of the PPP model in China. In this way, it is necessary to promote the healthy development of PPP model in China by promoting top-level legislative work, improving the regulatory mechanism, and improving the supporting facilities to control the possible legal risks of the current PPP model.

KEYWORDS

PPP mode, Legal risks, Social capital, Government