Abstract
Since the introduction of the PPP model in China at the end of the twentieth century, the PPP model has been widely used in China. As of the end of January 2019, 8735 new PPP projects with a total investment of 13.2 trillion yuan were included in the management database of the Ministry of Finance. In order to ensure the development and promotion of PPP projects, how to effectively manage the risks in PPP projects Identification, assessment and control have become the key to the development of the PPP model. This paper first reviews the relevant literature of the infrastructure PPP model through the method of literature research, introduces the classification and basic characteristics of the PPP model in China, and sorts out the existing literature from the aspects of risk identification, assessment and control. Secondly, this paper takes the X-city rail transit PPP project as the research object, identifies the risk factors based on the characteristics of the project’s PPP mode of “separation of network and transportation”, establishes a risk evaluation index system, and uses a fuzzy evaluation method based on AHP to evaluate the project. For risk evaluation, the SPC project company is used as the risk subject, and according to the different characteristics of different risks, its specific undertaking subjects are further subdivided. The risk sharing system for the PPP project of transportation infrastructure is designed, and suggestions are given.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Similar content being viewed by others
References
Grimsey, D., & Lewis, M. K. (2002). Evaluating the risks of public private partnerships for infrastructure projects. International Journal of Project Management, 20(2), 107–118.
Ma, N. T., & Li, X. (2019). Research on the implementation rate of PPP projects in my country and its influencing factors. Economic and Management Review, 35(02), 32–43.
Liu, H., Chen, S. J., & Chen, C. F. (2018). Analysis of the effectiveness of the national infrastructure PPP projects along the Belt and Road. Journal of National Institute of Administration, 05, 57–63 + 188–189.
Luo Yu, Y., Wang, F., & Chen, X. (2017). Institutional quality and how international financial institutions affect the effectiveness of PPP projects: A study based on the Belt and Road 46 countries’ empirical data. Finance Research, 04, 61–77.
Li, B., Akintoye, A., Edwards, P. J., & Hardcastle, C. (2005). The allocation of risk in PPP/PFI construction projects in the UK. International Journal of Project Management, 23(1), 25–35.
Thomas, A. V., Kali, S. N., & Ganesh, L. S. (2006). Model ling and assessment of critical risks in BOT road Projects. Construction Management and Economics, 24(4), 407–424.
Fan, X. J., Zhao, Y., & Zhong, G. Y. (2007). Research on the proportion of financing risk of basic projects. Journal of Management Engineering, 01, 98–101.
Yan, L. J. (2009). Identification and allocation of PPP contract risks. Construction Management Modernization, 23(03), 271–274.
Fayek, A., Young, D. M., & Duffield, C. F. (1998). A survey of tendering practices in the Australian construction industry. Engineering Management Journal, 10(4), 29–34.
Deng, X. P., Li, Q. M., Xiong, W., & Yuan, J. F. (2009). Research on the key risks of PPP projects in urban infrastructure construction. Modern Management Science, 12, 55–59.
Songer, A. D., Diekmann, J., & Pecsko, R. S. (1997). Risk analysis for revenue dependent infrastructure projects. Construction Management and Economics, 15(4), 377–382.
Chen, B., & Li, Y. F. (2008). Risk allocation principles and allocation methods of infrastructure financing PPP model. Railway Engineering Cost Management, 03, 5–7.
Peng, H., Xiang, J. Y. (200). The main risks and prevention of private enterprises in the PPP model. Journal of Guangdong Technical Teachers College, 06, 41–43.
Coser, A., Maer-Matei, M., & Albu, C. (2019). Predictive models for loan default risk assessment. Economic Computation And Economic Cybernetics Studies And Research, 53(2), 149–165.
Acknowledgements
“Study on the Performance Evaluation System of PPP Passenger Flow-Value Flow” in the PPP Model of Urban Rail Transit supported by the National Natural Science Foundation of China (71973009).
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2021 The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd.
About this paper
Cite this paper
Feng, Y., Guo, X. (2021). Research on Risk Identification and Evaluation of PPP in Traffic Infrastructure Construction—Take X City Rail Transit as an Example. In: Li, M., Bohács, G., Hua, G., Gong, D., Shang, X. (eds) IEIS 2020. Springer, Singapore. https://doi.org/10.1007/978-981-33-4363-4_7
Download citation
DOI: https://doi.org/10.1007/978-981-33-4363-4_7
Published:
Publisher Name: Springer, Singapore
Print ISBN: 978-981-33-4362-7
Online ISBN: 978-981-33-4363-4
eBook Packages: Economics and FinanceEconomics and Finance (R0)