Financial Risk Management And Control Of Sponge City Project Company Under PPP Mode

With the rapid development of my country’s economy,ecological environmental protection is becoming increasingly important.In the context of current ecological civilization,modern urban governance requires the improvement of the urban governance system and the enhancement of urban governance capabilities.Therefore,the concept of “sponge city” has been widely applied to the foundation of urban municipal greening The facilities are being upgraded.In recent years,more and more sponge city projects have adopted the PPP model for promotion.The absorption of social capital can not only solve the shortage of funds,but also reduce project costs and improve work efficiency.However,there are many participants in the PPP model,and it is generally characterized by large investment scale and long construction and operation period.In particular,the sponge city construction project has a large investment,time-consuming,and extensive involvement in the implementation process,and there are many uncertain factors.Therefore,the sponge city PPP project has a greater potential risk.In the process management of PPP projects,how to balance the relationship between all parties involved in order to achieve the purpose of full cooperation,and at the same time to accurately and effectively identify and analyze the risks in the project,and to formulate risk control measures in a targeted manner is of great significance.Although the application of the PPP model in my country has developed to a certain extent,there are still many problems in its operation.Therefore,there are still greater risks in the construction and operation of some projects.The internal financial risks of the project company are the most important and representative..This article compares relevant domestic and foreign literature to study the risks of PPP projects,combined with the characteristics of sponge city projects,from a financial point of view,especially following the movement of funds,to identify and analyze the risks of sponge city project companies under the PPP model.Since the preparation phase and procurement phase of the PPP project are mainly government actions,the project company operates independently from the execution phase,so the article starts from the execution phase and analyzes the risks before,during and after the project,and finally concentrates the risks on politics,financing,and investment,The four factors of the project itself,summarize the risk through the research and summary of the literature,and summarize its characteristics.The article takes the Sponge City SPV company in City X as an example,and analyzes the actual risks of the project from the four perspectives of politics,financing,investment,and the project itself.By identifying the risks that may exist during its operation,some questions are raised.Analyze the problems found and the ideas to solve these problems to carry out relevant research,and combine the existing risk control measures to propose improvement suggestions,in order to provide reference and reference for the common risks of the sponge city project company under the PPP model.