Research On Risk Management Of KC Expressway Project

Transportation is a basic,leading,and strategic industry in the national economy.Transportation is an important service industry.Expressways is not only an important symbol of a country’s transportation modernization,but also one of the important symbols of a country’s modernization of infrastructure.Expressways has outstanding advantages in terms of transportation capacity,speed,and safety,and play an important role in promoting the construction of transportation and logistics in a region and driving regional economic development.This article introduces the background and overview of the KC Expressway project,then identifies the risk factors existing in the project,analyzes and evaluates these risks,and proposes preventive measures for each specific risk.This thesis hopes to have reference significance for risk management of similar projects.coordinated development strategy,Guangdong Province has successively proposed a series of policies to promote economic development in western Guangdong.However,the infrastructure accumulated for a long time is backward,the level of industrialization is low,and government revenue is low.The problem persists.The investment and construction of highways not only provide local employment and promote the construction of transportation networks,but also bring new opportunities for the development of regional industries.In order to get rich and build roads first,there is a strong demand for the development of the highway network developed in the western Guangdong region.The investment and construction of expressways is a first measure to promote the development of the western Guangdong region.The KC highway project adopts the BOT + EPC + government subsidy model.It is an important economic trunk line from the coastal areas of Guangxi and the mountainous areas of western Guangdong to the central and southern regions of the Pearl River Delta and the eastern bank of the Pearl River.This article introduces the background and overview of the KC highway project,and then identifies the risk factors that exist in the project.The risks of this project mainly include political risk,market risk,financial risk,engineering technology risk,external collaboration condition risk,internal management risk.The risk of the project is mainly analyzed and evaluated.The project’s overall risk has the greatest impact on the project market risk,followed by financial risk,then engineering technology risk,then external collaboration condition risk,and finally internal management risk and political risk.The thesis proposes preventive measures for each specific risk.I hope that this thesis can be used for reference in risk management of similar projects.