Research On Risk Of Public Infrastructure Projects Based On Public-Private Partnerships Mode

Infrastructure construction has great significance for improving the economy of our country and the quality of people's life,which is also can be the comprehensive bearing capacity of the city and the measurement to promote the new type of urbanization.Abundant of infrastructure investment has put enormous pressure on government debt while the construction has taken a long period with a large amount of investment.Therefore,it is difficult to keep up with the need of investment by relying solely on government finance.Fortunately,it can remit the difficulty in a large extent of inviting the investment for urbanization through introducing PPP financing mode.Additionally,introducing PPP mode can also optimize public service and operational efficiency and ease the pressure on government debt.However,the theory of PPP financing is still imperfect.In particular,there is no mature system and risk mechanism to guide the financing of PPP projects.Moreover,this assignment will use several research methods which included in literature analysis,project analysis,comparative and summaries research methods.For the further study of PPP risks,this assignment will analyze the development of PPP financing mode in China which is based on the concept,content and classic framework of PPP financing mode that summarised from PPP running process of different projects.According to the risk of PPP,it can be evaluated as risk identification,risk assessment,and risk management for analyzing the risk of PPP financing mode.Through discussing the case of S29 Binlai express way X project,analyze the main risk subjects in the case: government departments,XX county governments,social capital parties,XX companies,financial institutions,identify and analyze the risks involved.Through case study,the author puts forward suggestions to strengthen risk management and control: effective construction of legal mechanism,government participation constraint and construction of private capital guarantee system.Chapter 1,introduction part.It introduces the research background andsignificance;domestic and international literature review;research purposes,methods and content.Chapter 2,on the basis of reviewing a large number of related literature,a deep analysis will be given which is based on research background,aim,method,content,risk source and comprehensive risk management theory of PPP project financing model.Especially on analyzing the characteristics,operational mode,and development of PPP financing mode for the purpose of catching the nature of the risk theory of it.Chapter 3,on the basis of the risks of PPP financing mode projects,the analysis of difficulties and causing reasons of risks will be given.Turning to it,there are five different types analysis methods of risk identification will be provided in this assignment.In addition,the author will analyze each risk sharing subject,specify the risk sharing object.The significance of risk control will be mentioned through using risk appraisal of program evaluation and review technique.Chapter 4,the risks of PPP financing mode will be objectified shows in assignment through deeply analyzing risk identification,risk evaluation and risk control from the case of S29 Binlai express way X project.Finally,the author will provide suggestions for improving risk control of PPP financing mode for infrastructure construction.This paper elaborates on the three aspects of the construction of effective legal mechanism,the government participation and the construction of the capital guarantee system,and makes a reference for the follow-up PPP project financing theory.