Research On Risk Control In The Implementation Of Infrastructure PPP Project

Based on the successful upgrading and transformation of domestic economic model,as well as the increasing personal income of domestic residents,the demand for the environment,service and quality of the infrastructure is getting higher and higher,and not only in hardware facilities,but also in many areas including pension facilities,sports facilities,education facilities,medical environment and so on.But the construction of large-scale infrastructure requires a great deal of capital investment,At that time,the entry of private enterprises just reduced the economic pressure and the later operation burden for the government,this has led to a public-private partnership for project cooperation-the PPP model has keep growing in China,by the end of March2018,the PPP project has reached 11,753,with an estimated investment of 15 trillion yuan.Because the risk of PPP project runs through the whole process of the project,there is an uncertain risk in the design,implementation and operation of the project.Therefore,the role of PPP project risk control is self-evident.Through the identification,analysis and sharing of PPP project risk,various risks are effectively controlled to avoid unnecessary losses in the project investment process.At present,many PPP projects have caused many problems in practice:First,because the government lacks the corresponding laws and regulations,the legal system of PPP is still imperfect,mature management patterns have not been set up completely;Secondly,the confidence of social capital comes from the executive power of public sectors,however,the actual situation shows that the executive ability of public sector can not provide corresponding guarantee for social capital;Third,the PPP projects reflect low income and slow capital return,This is also an objective fact before social capital.The above factors are only part of the risks faced by the successful implementation of the PPP project.Therefore,it is very important to accurately analyze the risks of each link of the project life cycle,to achieve the risk control and to ensure the smooth progress of the project.This paper analyzes the implementation process of China's PPP project in detail,and a case by-one comparison of representative cases of success and failure,then it puts forward the feasible suggestion of risk control in project operation under PPP mode.