The "BOOT Plus BTO" Operation Mode of the Comprehensive Utilization of Water Conservancy Project

The coexistence of public welfare and business nature of comprehensive utilization of water conser-vancy projects has affected application of its PPP project model. This paper studies the mixed invest-ment characteristics and asset structure characteristics of the comprehensive utilization of water conservancy projects, and analyzes the problems of the BOT operation mode of the comprehensive utilization of water conservancy projects, such as high pressure of early operation and maintenance funds, vague risk definition and unequal risk responsibility. The operating facilities and non -operat-ing facilities of comprehensive utilization water conservancy projects are "appropriately separated", and the operating facilities adopt BOOT mode and the non-operating facilities adopt BTO mode. The "BOOT+BTO" bundled operation model of PPP project of comprehensive utilization water con-servancy project is constructed, and the feasibility and advantages of the "BOOT+BTO" operation mode of