Operation Risk Management Study For City C Food Waste Disposal PPP Projrct

At present,some cities are facing the predicament of "garbage siege",and need to reduce,resource and harmless treatment of garbage,but local government funds are insufficient,and the construction of treatment facilities is slow.In order to solve the contradiction between supply and demand of public facilities,China has been vigorously promoting the PPP model since 2014,and PPP has become the mainstream investment and financing model in China.1,200-1,300 tons of domestic garbage are removed and transported every day in city C,but a waste incineration power plant is designed to process 700 tons per day,facing the great pressure for overload operation every day,so there is an urgent need to build a domestic waste treatment plant.However,the government’s direct investment construction funds are insufficient,and the state encourages the adoption of PPP model for new waste treatment projects.In this context,the PPP project of city C food waste treatment started to be implemented.The purpose of social capital investment project is to obtain stable income,but the income of the project is obtained gradually during the operation period,and in the process of operation,the degree of risk is unknown and the income is not guaranteed.Therefore,it is necessary to study the risk management of project operation stage from the perspective of social capital,with the aim of reducing the risk level and risk loss,ensuring the quality operation of the project and meeting or exceeding the expected benefits of the project.This paper firstly introduces the basic situation of the PPP project of food waste treatment in City C.Then,from the perspective of social capital,the systematic risk management of the whole process of risk identification,risk evaluation and risk response during the operation period of the project is studied from the perspective of private enterprises.The risk factors are identified using literature analysis and expert survey method,and twelve risk factors are identified and introduced according to systematic and non-systematic categories,among which,systematic risks are legal risk,force majeure,inflation,tax adjustment,government performance risk and interest rate risk;non-systematic risks are food waste supply quantity risk,sales revenue risk,technology update risk,safety risk In order to reduce the risk level and reduce the loss caused by the risk,the project company set up a risk management department,introduced and trained professional talents,and developed a risk management system for different risk levels.In order to reduce the risk level and the loss caused by the risk,the project company set up a risk management department,introduced and trained professionals,and formulated specific countermeasures for different levels of risk.The significance of this paper is not only to ensure the project revenue but also to accumulate the project operation risk management experience for social capital,and to provide reference for other enterprises to invest in food waste treatment PPP projects.