The Repurchase Risk And Its Countermeasures Of BT Project

As a new investment and financing mode of the construction of BT mode, in recent years has been the government and construction enterprises. On the one hand is the government in order to adapt to the social development, the need to increase investment in infrastructure construction, but the government’s funding capacity is limited, while the BT model can solve the problem of the lack of infrastructure construction funds. On the other hand, because of vicious competition in construction market makes the construction enterpri ses operating increasingly meager profits, the construction enterprises more and more efforts to seek transformation and upgrading, BT mode for their development provides a new choice. Although the BT model of the project sponsor on behalf of the government, the government has a high degree of credibility and the credibility of the exploration and development, but also the BT model from the actual situation, the possibility of the existence of all kinds of risk, which is faced with a lot of BT project repurchase risk investors question.In this paper, based on the construction enterprise of repurchase risk arising from the reasons, to identify the repurchase risk, combined with the actual case analysis of sources of repurchase risk formation. One is the government, the government financial capacity, credit level, continuity and other factors will affect the project repurchase policy; two is the construction enterprises(investors), the project construction fund is in place, the project management of the operation is standard, repurchase guarantee factors is reasonable and the influence of. In this paper, the financial management of credit and qualitative analysis method to evaluate the government credibility, establish the evaluation model of government fiscal capacity, and with a real case in the BT project repurchase, repurchase issues encountered obstacles influence on repurchase risk production analysis. Through research and analysis, a list of key risks to repurchase risk and puts forward the corresponding preventive recommendations, to avoid the loss of the interests of the enterprise.