PPP Mode And Risks Research Of The Shantytowns Reconstrcution Project

Shantytowns transformation is a major livelihood project and also a major development project.In “thirteen five” period,shantytowns transformation is still major part of construction of affordable housing projects.As shantytowns transformation projects have the character of long life circle?high risks and huge funds needed,social capital is hard to participate in traditional mode.PPP mode can make full use of the advantage between public and private,disperse project risk,broaden the sources of funds and improve project efficiency.Therefore,it is feasible to introduce the PPP model into the shantytowns.The paper refers to PPP project library of MOF and NDRC,and refers to PPP projects in Zhejiang Province PPP project library,screening out 32 shantytowns project,then combined with the extensive reading of domestic and foreign literature,the paper sums up 5 kinds of PPP mode which are suitable for the transformation of shantytowns.Based on Zhejiang Hangzhou WangJiang shantytowns transformation PPP project,the IRR of bid-winning enterprise is measured and sensitivity analysis and evaluation of economic risks faced by bid-winning enterprise,the results show that investment overrun?delay of operational availability service charge?delay of demolition period caused by enterprise?delay of construction period and the rise of interest rate in operation period are critical risks.At last the paper studies the PPP contarct of the case above,combined with relevant literature at home and abroad and identify the list of risks faced by the enterprise.The paper verifies the sensitivity analysis results above through AHP,the result shows that investment overrun?delay of operational availability service charge?delay of demolition period caused by enterprise?delay of construction period and the rise of interest rate in operation period are critical risks faced by enterprise.Besides,politic risk is also critical risk which enterprise should pay attention to.And put forward the countermeasures to deal with the key risks related to the case.