The Risk Analysis Of NC-BOT In Shaanxi Charge Highway Project Finance

Now the Central Party Committee and the State Department are bringing the great developing strategies in the west regions into effects.And Shaanxi Province ascertains"tourism> fruit industry > army products and the high-technology industry"as their featural economies.But these must be based on the advanced developments of infrastructures so that highway constructions have an very important status.On one hand,now Shaanxi highway constructions have many problems,for example,the single investing main body,the wanting investing capitals and the few proportional high-rank highways.On the other hand, along with our splendent national economical building achievements,non-government economy has developed flourishly and non-government savings have arrived at ten-thousand-billion RMB.Thus the paper tries to integrate them.The paper absorbs and draws lessons from kinds of theories about project finance and those projects that have been finished by these theories in reality.On this foundation and according to the concrete circumstance about Shaanxi highway project constructions,the author puts into theway of thinking-the government should use their limited capitals in economicallyundeveloped regions in order to improve the economic level here and increase the whole social development level,but make non-government capitals get involved into those highway projects that have potential charge possibility.Then in accordance with the relations of capital movements in highway project developments and the relations among those participants in project developments,the author analyzes the kind of possibility , compares those possible modes that suit for the project constructions by non-government capitals in Shaanxi charge highway and puts forward the nC-BOT mode in Shaanxi charge highway project finance.Through analyzing the risks in common in a general project finance and according to the characteristics of Shaanxi highway development and the nC-BOT mode in Shaanxi chargehighway,the author ,from the systematic standpoint,analyzes systematically the risks of nC-BOT in Shaanxi charge highway project finance and gets six kinds of risks and those factors that influence these risks.Then by AHP(namely,Analytic Hierarchy Process) the author adjudicates these risk factors,gets their relations in importance degree,and on these foundations puts forword the measurements of risk control.Aiming at the characteristics of nC-BOT mode in Shaanxi charge highway project fmance,the author puts forwards the train of thoughts about the riskcontrol-project finance risk control should mainly control those unsystematic risk factors thatcan be controlled,and sets up corresponding defending measures to reply to those systematic risk factors that can not be controlled so that the macroscopical risks facing with the enterprise could be reduced to the minimum.At last the paper makes some suggestions to all participators in risk controls.