Study On Risk Management On Expressway Projects Under PPP Mode

In order to relieve the government's financial stress and provide better infrastructure services for people,and to make the infrastructure construction more standardized and orderly,our country has put forward the "promotion of the use of Government and social capital cooperation Model"(Public-private partnership mode,"PPP" model).The most significant difference between the credit of PPP mode and the traditional infrastructure project is that the government no longer provides fallback for the credit,and the credit risk relies solely on the commercial banks' own judgment,which puts forward higher requirements for the risk control ability of commercial banks.This paper attempts to further improve the bank's risk control system through understanding and the analysis of PPP.,and to improve the efficiency of credit approval.This paper is organized as five parts,namely,Introduction,PPP model related concepts,theoretical basis,PPP Model expressway project characteristics,research results,PPP expressway Project credit Scheme design.The first part is the introduction,which mainly introduces the research background and the goal,summarizes the research content and method and introduces the research thought and the frame;The second part is about related concepts and theory foundations,this chapter mainly introduces the related concept of PPP model,and lists the document summary,which reflects the new judgment in the theory field of PPP model research recently.The new conclusion provides theoretical reserve for the follow-up analysis,and also outlines the three problems of PPP model in China,such as the contradiction between central and local,the inconsistency between government departments and the game between social capital and government.The third part analyzes the characteristics of PPP Model Expressway project,forecasts the risks that may be encountered in the process of the project,and put forward the risk mitigation measures;The fourth part mainly introduces the key points of the review of the specific credit project,and summarizes the evaluation of the social capital side,the government assessment,the compliance analysis and the economic benefit of the project.The fifth chapter puts forward 5 credit schemes for the PPP expressway project,namely,the determination of the credit amount,the determination of the credit term,the determination of the guarantee mode,the main risk and control means of the credit,and the design of the project credit condition.The third part,as the key part of this paper through the introduction of the characteristics of the PPP Model Expressway project,the specific case analysis,summed up the PPP Model Expressway Project Credit Review process of the risk points,and put forward effective risk control measures,and finally formed a complete credit scheme.The innovation of this paper lies in that it expanded the scope of bank credit risk control field and its content of this article is more comprehensive.What is more,this paper also lists the risks that may be involved in the highway PPP model credit approval,such as compliance risk,government capacity risk,policy risk,the first repayment source and the second repayment source overlap and many other risk.This innovations give this paper great forward-looking advantages,such as the introduction of market-oriented projects of fixed assets assessment and government financial capacity to assess the combination of the model to analyze the feasibility of the project.By using multi-party approach to solve compliance problems,this paper finally strive to vitalize and see the results.This paper can be extended to the development of other PPP mode credit scheme based on the expressway PPP mode credit scheme.The disadvantage of this thesis is that it is impossible to cover all the risks of PPP mode credit project.Influenced by different industries and different regions,the risk of credit project of PPP model is not the same,and it needs to accumulate and approve the practice experience,at the same time,it is necessary to make the standard loan process and realize the common control of the staffs in order to effectively control the risk.In addition,the future direction of PPP model project is difficult to predict,this is because that the PPP model project works as a government business which is affected by national policies,such as many irregular phenomenon happened in the process of expansion and the state-related departments may reform the policy again.