Research On The Risk Of BT Financing Model

BT means "build-transfer",which is the initiator of investor capital construction projects of a financing mode.Project sponsors by way of bidding determined investors and-transfer contract signed with the construction,solely responsible for financing and project construction by the investors.,after the completion of the construction of the project sponsors to sign-hand over to take over the project contract,and pay the repurchase price to investors.Waterway transportation is an important part of transportation industry in China,in the development of national economy and has a pivotal role in China's economic integration into the world economy.At present China's waterway transportation financing channel is unitary,lack of research on the application of the some new project financing way and try,cause the waterway transportation infrastructure construction to the problem of shortage of funding.Analysis on the basis of theoretical research at home and abroad,the integrated use of the theory and practice,combining the method of case analysis of BT mode waterway project risk study.First,the BT model theory,study the waterway transportation mode of BT project risk and other related theories,introduces the basic connotation and characteristics of BT mode,development process,operation process and waterway transportation project risk identification and risk assessment.Secondly,in the analysis of the current development of water transport projects and existing problems,as well as the feasibility of the introduction of BT model of water transport projects.And the risk on the waterway transportation project under BT financing mode analysis and evaluation,including the identification and analysis of project risk factors,focuses on the analysis of five types of risk,construction of evaluation system of waterway transportation BT project,and based on the fuzzy comprehensive method to construct a risk evaluation model by using AHP method;Finally,since the laiBin port Xiangzhou port Meng Mountain area project as a case to evaluate the waterway transportation project evaluation model BT model of the risk level of the A2,the"political risk"?A5 "Technology risk" risk grade two,risk assessment level is relatively small,implementation has little effect on the project objectives;Al "natural risk"?A3"financing risk"?A4 "construction risk"risk rating for the three,the general level of risk assessment,the A3"financing risk" the largest membership,for the waterway transportation project under the mode of BT biggest risk factors,need to focus on preventive measures.And analysis of BT mode,the overall risk level of water transport projects is small,BT model can be used to build.And then put forward the risk response related measures,for the next operation of BT mode of water transport projects to provide reference and reference.