Study On BT Project Risk Response Case Sanye Group

The problem of fund shortage is gradually emerging with the process of urban construction,the government pays more and more attention is on the introduction of social capital,a public-private partnership development mode,so BT,cooperation mode of BOT and TOT are brought into an unprecedented opportunity period.Especially BT cooperation model,because it has no operating period risk,investment and construction period is short,the rate of return on investment is stable and so on,has been favored by the government and investors.The emergence of the BT model,on the one hand help local governments to ease the pressure on short-term fiscal expenditure,on the other hand it is also conducive to the transformation of government functions.The government is no longer multitasked as project financing,the owners and managers when using BT mode in government.the government is the supervisor for the urban infrastructure construction and macro management.However,as a new mode of investment and construction,BT mode is still in the primary stage in infrastructure construction,the absence of the phenomenon still exist in the relevant laws and regulations,the actual operation is still in the exploratory stage,there is no mature mode of operation can be used for reference,which can easily lead to various risks.Different project risk factors can be identified accurately and reasonably evaluating,effectively controlled,effectively avoided,which has a critical influence on the healthy development of infrastructure construction and construction enterprises.The paper introduces and summarizes the basis in the construction mode of BT,including financing background and research status at home and abroad.The paper analyzed BT project risk theoretically and carried out the risk identification and evaluation methods today.In this paper,I perform China Third Metallurgical group BT project as a case study and make an empirical study on the risk management,elaborated from the aspects of the project risk planning,risk analysis,risk evaluation and risk control.AS to the social security housing BT project in An Shan for example,the BT project investment risk was system analysis on the part of investors,taking into account the unreality of completely quantitative assessment and non-objective of completely qualitative assessment,this paper establishes the project risk AHP evaluation model,using which model to value the BT project in the index level of risk.Then,put forward the measures to control BT project risk for China Third Metallurgical group.The study concluded that repurchase risk is the primary problem to be solved in the management of risk prevention and control.Repurchase risk also includes the government's credit risk,the government's financial risk and the risk of security housing policy changes.The main risk sources that China Third Metallurgical group's housing BT project faces come from two aspects,on the one hand,it is from the project sponsors,which is repurchase risk mainly comes directly,on the other hand it comes from the indirect effects of China Third Metallurgical group's internal financial crisis,which intensifies the repurchase government finance and credit risk,at last threaten the sustainable development of enterprises.Finally,this article lists the risk prevention and response measures.