Research On Financial Risk Management About Guiqian Highway BOT+ EPC Project In Zhongjiao Luqiao

This paper studied. Guiqian highway BOT+EPC project in Zhongjiao Luqiao Company. We conducted related research in elaborate home and abroad, the theory of financial risk, financial risk research related projects draw on the theories and methods of mature o Based on this, we made a comprehensive analysis of a variety of financial risks that may occur during project operation as well as their risk control measures, and proposed a more detailed financial risk management measures and recommendations.1. After investing in the project estimates, financing and economic evaluation, this study found:the cost-effectiveness of the project from an economic point of view is feasible. In addition, the sensitivity analysis showed that even a 20% increase in efficiency while reducing costs by 20% under the adverse conditions, the indicators have been able to meet the requirements of economic cost-benefit analysis, showed clear economic cost-benefit analysis has strong ability to resist risks.2.Financial evaluation of the project and feasibility analysis, the results showed that:(1) the use of 30-year operation period, at 35% of the capital,65% of the domestic bank loans financing solutions, the project pre-tax, after-tax capital has a certain profitability. By sensitivity analysis results show that the project has a certain ability to resist risks, but not very strong; (2) the operation of the first items to be repaid all loans 14.64 years; (3) the project is relatively large volume of traffic, operators fee income is greater than the costs incurred during the period, adequate cash flow, project evaluation period to achieve their financial balance, with a strong financial viability.3.Based on these studies, a detailed analysis of the major financial risks facing the project, in particular:financing risk, investment risk, capital recovery risk, income distribution risk, cost overrun risk and financial risk, and for their causes and prevention each analysis, safeguard measures and financial risk management of the proposed project, such as improving project financial risk awareness, establish project financial risk prevention system, strengthen internal control system, improve the company’s internal supervision system and the implementation of comprehensive risk management.This paper aims to ensure that the project is technically feasible, allowing the environmentally and economically reasonable, significant economic benefits, the risk is small or controllable, and successfully completed. We wanted very much to make it effectively promote Guiyang and Bijie’s governments to share their resources and complementary advantages, and to better contribute to the construction of local social and economical development.