The PPP project of Panjin City Sports Center in Liaoning Province is the second batch of demonstration PPP projects of the Ministry of Finance. The project is located in Dawa County, Panjin City, Liaoning. It covers an area of 43,9061 square meters and has a total construction area of 121,258 square meters, including gymnasiums, comprehensive halls, swimming pools, and tennis halls. And commercial complexes. This project is a stock PPP project, and the Panjin Municipal Government adopts the TOT model to implement it. The third-party agency has assessed the project management rights of about 2.9 billion yuan. The social capital is responsible for establishing the project company and paying the transfer price of the management rights. The project cooperation period is 11 years. During the operation period, the government will pay the feasibility gap subsidy to meet the investment income demand of social capital. Through the implementation and operation of the PPP model, it helps the government to successfully resolve the debt burden and also provides a reference for the application of PPP projects in the sports field in my country.