Research On Risk Management Of PY Overpass PPP Project Financing

With the rapid development of social economy,the scale of China’s infrastructure construction is also expanding.PPP mode,as a new financing mode,was born and developed,glowing the vitality of infrastructure construction.The level of financing risk control under PPP mode is directly related to the effective implementation of the project and the smooth realization of the expected income of the project.Based on this,it is an important content of PPP project financing risk management to effectively identify and quantify the financing risk of the target project,judge the causes of the risk and explore countermeasures.At this stage,PPP project financing risk assessment has the problems of weak subjective control awareness and insufficient applicability of quantitative methods,and most of the risk assessment models are used internally by financial institutions.The market urgently needs a PPP project financing risk quantitative evaluation model with reference standards and continuous improvement.On the premise of sorting out the theory and application results of PPP project financing risk management,based on the financing case practice of Py overpass PPP project,this paper carries out a case study from three aspects: risk identification,risk evaluation and risk response.Firstly,causal analysis is used to identify the financing risk sources of Py overpass PPP project and establish the list of financing risk factors.Secondly,through the combined application of entropy weight method and fuzzy comprehensive evaluation method,the risk factors are evaluated from quantitative and qualitative dimensions respectively,and then the three first-class risk levels of financing subject risk,process risk and environmental risk of the project are quantitatively evaluated,as well as the influence degree and risk level of 18 financing risk factors such as "local financial risk","government credit risk" and "guarantee ability risk" under the risk level,It is concluded that the main risk and process risk level of Py project is "medium",the environmental risk level is "low",and the overall financing risk level is "medium".Finally,it analyzes the causes according to the risk evaluation conclusions,and puts forward suggestions on "strengthening the expenditure guarantee of Py overpass project","optimizing the supervision and management mechanism of engineering construction","improving the level of government control" and "perfecting the risk control emergency plan",so as to put forward countermeasures and improvement measures for the financing risk management decision-making of the project.This paper takes the financing risk management of Py overpass PPP project as the research object,highlights the application optimization of risk quantitative evaluation method,and aims to establish the financing risk evaluation model of PPP project through case study,provide model reference and application reference for the financing risk management of similar projects,and further promote the steady development of PPP model in the field of infrastructure construction.