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Web of Proceedings - Francis Academic Press

Research on the Selection of Discount Rate in Value-for-money Evaluation - Based on the Data Analysis of the Third Batch of Demonstration Projects

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DOI: 10.25236/iccems.2018.41


Yaoyao Wang

Corresponding Author

Yaoyao Wang


The quantitative evaluation of value for money (VFM) in PPP projects needs to be compared by discounting both the PSC value and the PPP value. An important factor that affects VFM evaluation is the value of the discount rate. At present, the research on the discount rate of PPP projects in our country is not yet very deep, and there is no clear standard for the discount rate in different industries. Generally, historical experience is used to determine the line rate. Therefore, taking the third batch of demonstration project data as a sample, this paper analyzes the factors that influence the discount rate in detail and finally summarizes the law of value discount rate of PPP project, which will be of reference for similar PPP projects in the future.


PPP project, VFM quantitative evaluation, Discount rate.