Research On The Risk Of Expressway Project Franchising Under TOT Financing Mode

At present,the domestic economy is in a stable development stage.With the development of the economy,the corresponding infrastructure and supporting facilities will also be completed.Building public infrastructure can effectively promote economic and technological development.In recent years,especially in 2011,highways have received a lot of attention in the society.The most concerned about this is the operation and repayment of toll roads.The referendum incident in Yunnan Province and the publication of highway tolls by 12 provinces and cities have enabled the state to invest more resources in the development of highways,and at the same time further improve the supervision of highways.Changes in highway-related charging policies have further increased the budget of the transportation industry.These factors have had a certain impact on the development and operation of expressways.At present,the development of domestic expressways is still at the stage of exploration.The project has increased the attractiveness to social capital through BOT,TOT,PPP,etc.The multi-participation in project construction and the joint risk-taking model have promoted the rapid and stable development of the project,but in the license.During the period of operation,due to many subjective factors and objective factors,various modes of operation have encountered certain problems,effectively identify the risks of highway franchise period,and carry out targeted prevention and prevention of these risks.Processing,this can effectively promote the smooth development of the project.Prof.Wang Songjiang,a researcher at Kunming University of Science and Technology,researched the “Three-Dimensional Model of Operational Public Infrastructure TOT Hall(70962003)”.Taking the highway in Yunnan Province as a specific case,he comprehensively and deeply analyzed the highway project license under the TOT financing model.Business-related risk related issues.First,through the goal-oriented project planning method(ZOPP),based on the field research and case reports on the Gaohai Highway,determine the risks that may be encountered during the franchise period,and use the problem list,problem tree and problem group These questions are explained.Secondly,the fuzzy comprehensive evaluation method and the analytic hierarchy process are combined to quantify the risk related problems of the Gaohai Expressway,determine the probability of occurrence of various risks during the franchise period of the Gaohai Expressway project,and quantify the risk related issues through the expert scoring method.The degree of risk impact of the concession period is determined from the largest to the smallest: operational risk during the concession period-economic risk-project handover management risk-policy risk-project evaluation risk-project management risk-environmental risk.Third,according to the degree of impact of various risks on the project,targeted countermeasures have been formulated.On the whole,the Gaohai Highway can meet the feasibility requirements and can be implemented when various risk response strategies are initiated.From the long-term analysis,the difficulties faced by the current operation management have been able to achieve profitability goals after a period of operation.However,because the current highway toll policy has changed and the traffic volume is small,affected by these factors,from the short-term perspective,there is still the possibility of risk,according to the highway industry in recent years.The problem was solved with a targeted solution.The main purpose of this study is to take this case as a concrete example,comprehensively and in-depth analysis of the risk of highway project franchise period under the TOT financing mode,and lay a good foundation for subsequent project transfer and operation.