The Assessment And The Management Of The Risk Of BOT Project In China

Development of project financing in the country has nearly 20 years of history. Currently, the project financing for power generation facilities, highways, pipelines and transportation, bridges, tunnels, railways, airports, and other large-scale infrastructure projects, the comparatively more mature pattern is BOT。BOT is the English "Build-Operate-Transfer" abbreviation. The interpretation meaning is "Building-Management-Change of possession" .In the country's is termed the "concession financing" . In 1980s, BOT is the emergence of a new international project financing and construction model,mainly for infrastructure construction. However, because of the large amount of investment in infrastructure, construction period which required a long gestation period and the characteristics of BOT financing structures complex, higher financing costs and other factors makes the risk of BOT projects greater.BOT project risk is an uncertainty living in the BOT project concession, construction, operation and transfer. The loss of it is a potential risk factor. BOT projects risk identification refers to identifying and classifying the risk which have not yet occurred, and analyzing risk events. Risk management refers to lowest cost methods of scientific management by which the participation of BOT projects identifies the risks, disposes the risks and maximizes security.Whether the risks could be shared reasonably among each participant...