The Case Study Of Risk Sharing Of Railway PPP Project In Wuhu

With the continuous development of China's social economy and people's growing demand for a better life,the urban rail transit industry has entered a period of vigorous development.However,large-scale urban rail transit projects have brought great financial pressure to local governments.In this context,PPP,as an effective financing mode of public-private partnership,has entered a golden period of development in recent years.It can not only realize the complementary advantages of public and private resources,but also provide high-quality public services.However,participants in the PPP project of urban rail transit increasingly feel the importance of risk management in the actual operation,and effective risk sharing is the core of project risk management.Based on this,this paper selects the first case study of risk sharing in the straddling monorail PPP project of wuhu urban rail transit in China.This article first from the PPP mode,risk identification and risk sharing after reviewing the literatures at home and abroad,three aspects and the current situation of the development of rail transit in our country the PPP project risk sharing,the purpose is to provide theoretical basis for research of this paper as well as the related theory and the relationship between the risk sharing research.Then it introduces the case of the PPP project of wuhu rail transit,mainly introducing the project background,construction and operation contents,financing scheme,operation mode,project participants and project division of labor.Then on the basis of summary of above theory and the case on,urban rail transit to wuhu PPP project case is analyzed,according to the actual situation of a large number of domestic and foreign related cases and the literature consult,to summarize a risk factors including 39 project risk list,again according to the results of expert questionnaire,calculated the public-private both sides in the project cost risk and overall risk allocation proportion.Finally,the paper draws the conclusion and puts forward some Suggestions on how to ensure the effective operation of the risk sharing mechanism of the PPP project.It is hoped that the research on risk sharing of wuhu rail transit PPP project in this paper can provide some help for future project participants in risk management in this industry.