Research On Financing Risk Assessment And Control Of PPP Projects In Ecological Environment Protection

To implement the ecological environment protection strategic deployment of the Central Committee of the Communist Party of China and achieve the goal of building a beautiful China,all provinces and cities actively promote the ecological environment governance and development.The PPP model has become an important way for policies to promote ecological governance.However,due to the long cycle of ecological environmental protection projects,the large number of stakeholders involved,and the large number of funds invested,the existing legal system and management system in China are not perfect,and the lack of effective risk assessment and control of project financing has made many projects which is difficult to successfully complete.Therefore,scientifically and effectively identifying and controlling financing risks is the key to the success of PPP projects.This article uses the theory of political economy to find that the ecological environment protection industry has the characteristics of strong public welfare and it’s social benefits higher than economic benefits,which will give rise to the single debt financing channel for reform projects in the financing process and the mismatch of cash inflows and outflows of projects.Based on the analysis of the operational flowchart of government and social capital cooperation,it is concluded that the financing risks of ecological environmental protection PPP projects exist in the project selection,qualification pre-selection and implementation stages.Based on the above analysis,the typical successful case of the PPP project of Juehe Wetland Park and related projects in Changning New District of Xi’an was selected to analyze its operation process.Based on the analysis and summary of the existing literature,the expert scoring method was introduced toidentify the risks affecting project financing.We use OWA operator weighting to weight the influencing factors,and use the Gray Clustering Whitening Weight Function Model under gray theory to evaluate the financing risk level of the project.The financing risk of the project is at a mid-degree risk level,which verifies the applicability of the theory and the key points of financing risk control that can be used for reference can be analyzed from this successful case,which can provide inspiration for similar PPP projects,and provide a certain reference for improving the project’s implementation rate.