Benefit And Risk Assessment Of YYS Highway Project Based On PPP Model

The expressway is the basic industry and important transportation infrastructure for China’s social and economic development.Since 2008,due to the impact of the international financial turmoil on the global economy,in order to effectively cope with the impact of the financial crisis and maintain stable social and economic growth,the country has begun to build 40,000.The economic stimulus plan is billion,but it is not enough to rely solely on government funds.Therefore,since the Third Plenary Session of the 18th CPC Central Committee,the state has issued a series of PPP model policies and guidelines to support the government and social capital to jointly launch PPP projects.Among them,local highways are the main investment projects for public service construction,and they are also the main tasks of the PPP project for cooperation between the government and society.For social capital,the benefits and risks of investing in construction projects coexist.The failure of public resources is usually not because of the low rate of return,but because the real rate of return does not meet expectations.In the construction process of PPP mode expressway,due to a large number of fuzzy and unstable factors,it is necessary to formulate reasonable project management decisions in advance and analyze the benefits and risks of the project before entering the project.This paper will take the YPS expressway PPP project as the research object,use the scientific method to quantify the project benefit index and risk sharing preference,and propose targeted risk countermeasures,in order to occupy favorable situation in the project development process.YYS Expressway is a local expressway project planned by the 13th Five-Year Expressway in GZ Province.It is an important tourist passage in the northeastern part of the province.The project has a long construction period and a large project investment scale,and its implementation process faces many risks.Directly affect the expected return of social capital.Therefore,by studying the risk management issues of the project,it can not only enhance the ability of social capital to resist risks and improve its own efficiency,but also promote the smooth implementation of the project.Based on the case of YYS Expressway,this paper studies the benefit risk characteristics of expressway PPP projects,and through the issuance and recovery of two rounds of Delphi questionnaires,finally determines the list of 19 benefit risk factors for YYS Expressway and lists them in the risk list.The meaning of each benefit risk is explained.Then through the expert survey method,the survey subjects are mainly industry practitioners or project management scholars in this field,and use the fuzzy set theory to quantitatively study the qualitative analysis of experts,and establish a project benefit risk matrix based on fuzzy sets,thus to YYS The highway project has made a five-level benefit risk assessment.And continue to use the expert survey method to share the preference research on risk factors,through consultation,guidance,revision and summary,to form a view of how the experts’ basic and consistent benefit risks are fair and equitably shared.The collected data were processed by mean value method and fuzzy mathematics method.Based on the risk identification and evaluation results,an accurate benefit risk factor sharing preference system was constructed.Finally,the YYS expressway project benefit risk factor sharing preference table was established..Finally,combined with the YYS highway case,the basic measures of the PPP project benefit risk response in the YYS high-speed project were studied and explained.Then,based on the results of the YYS high-speed project benefit risk assessment and sharing preference,specific countermeasures were proposed for 19 benefit risk factors.