Panjin Vocational and Technical College of Liaoning Province is the second batch of PPP demonstration projects of the Ministry of Finance. The project is located in Liaodong Bay New District, Panjin City. It covers a total area of 432 acres and has a total construction area of 146,000 square meters. It is a leading specialty in chemical technology and training technology. A technical school for applied talents. This project is a stock PPP project. Panjin City Government adopts the TOT model to operate. The project cooperation period is 11 years. The social capital is selected through public bidding. The social capital is responsible for establishing the project company and purchasing the project management rights. The project management rights are evaluated 1.1 billion yuan. During the project cooperation period, the government will meet the reasonable income demand of social capital through the feasible gap subsidy mechanism. Through the operation of the PPP model, it helps the government to successfully resolve the debt burden and also provides a reference for the implementation of my country's existing education PPP projects.