Research On Financing Risk Management Of Road Project

In recent years, as climax period of road construction projects is coming, financing of road projects in China has made some progress, the road projects which use the mode of financing are more and more, the amount of financing is also growing. China's road projects, especially the highway project financing method, have changed drastically, which is changed from the original single relying on government investment into the integration of the Government's financing and social financing, combination of financial capital and industrial capital of the various financing methods, in practice also using bank loans, equity financing, debt financing, and the use of foreign capital private capital and various other methods. Various means of financing have the effective application, which deal with, to a certain extent, the problem of China's road construction projects pressure, and promote the rapid development of the national economy. However, the development of financing road projects has also brought some risks, the demand for project funding, the complex project organization, and policy-related projects, these characteristics determine the road project financing is higher risk. So how to reduce the risk of financing road projects, and promote the development of road projects financing is the major issue in the road traffic industry and the investment enterprises.Based on the study of risk management theory, as well as the characteristics of financing road projects, this paper analyzes the current problems of highway project financing and proposes the concept of risk management on road project financing, establishes three-dimensional road project financing risk Management system in accordance with features in the highway project stage, carried on risk identification, risk analysis and evaluation, and puts forward a workable risk management strategies. At the same time, from the standpoint of highway road risk management countermeasures system, this paper applies risk management techniques, constructs the Road Construction Project Financing Division warning of risk management model. Finally, taking a highway project financing as an example, to combine of the risk management theory and model analysis, this paper analyzes the highway project financing risk management, and discusses the basic ideas of risk management and the principal methods, puts toward some operational strategies and recommendations, which are of great significance.This paper proposes external financing risk management system, and internal risk management model of the concept the construction of highway projects, actively explores a approach to strengthen risk management of highway project financing, constructing a good highway project financing environment, and promoting the road development, which is of positive significance .