The PPCC Dongtou Model for Social Capital Participation in Blue Bay Restoration

Abstract

In order to effectively ensure the construction of marine ecological restoration projects and achieve efficient area governance, this paper took the Dongtou Blue Bay Restoration Project as an example to analyze in detail the operation mode of the government and social capital value creation and value capture (PPCC) model, and summarized its experience and enlightenment. The results showed that the restoration of the Blue Bay was generally characterized by the development of the precinct, and had a strong public goods attribute and spillover effect, and the application of the PPCC model was an important innovation of the government-private partnership (PPP) model. Through the motivational cohesion of the participating entities and the complementarity of resources to create diversified value, according to the value capture mechanism of different participants to achieve win-win cooperation, so as to form the PPCC Dongtou Model of government, enterprise and public co-construction and co-governance, as well as economic, ecological and social value sharing. The Blue Bay Restoration Project had achieved remarkable results, would further achieve successful multi-area governance.

Keywords

• blue bay
• ecological restoration
• value creation
• value capture
• area governance