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Financing Risk Analysis and Case Study of Public-Private Partnerships Infrastructure Project

  • Zhendong Chen
  • Jingfeng Yuan
  • Qiming Li
Conference paper

Abstract

This paper focused on establishing a financing risk assessment model and choosing two projects as case studies. Firstly, on the basis of reviewing the relevant studies, this paper identified six financing risk levels by employing the method of content analysis, these were political risks, social risks, financial risks, construction risks and operational risks. And the six risk levels contained seventeen risk factors including government stability, government guarantees, government credit and nationalization etc. Consequently, the article designed an analytic hierarchy structure of PPPs financing risks. By combining project marking sheets with the computed weights of seventeen risk factors, the authors built a financing risk accessing model. After that, an empirical contrast study between Beijing Subway Line 4 and Indian Dabhol Power project was taken. Finally, the paper put forward some suggestions useful to the successful implementation of PPPs projects.

Keywords

Public-private partnerships Financing risk identification Financing risk evaluation Analytic hierarchy process Case study 

Notes

Acknowledgments

The authors’ special thanks go to all and reviewers of the paper, and to the National Natural Science Foundation of China (NSFC-71001027, 71472037), Social Foundation of Jiangsu Province, China (13GLB005), Program for Outstanding Young Teachers of Southeast University (2242015R30009), and the Fundamental Research Funds for the Central Universities for financially supporting this research.

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Copyright information

© Springer Science+Business Media Singapore 2017

Authors and Affiliations

  1. 1.Department of Construction and Real Estate, College of Civil EngineeringSoutheast UniversityNanjingChina

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