Research On Risk Management Of A Stadium's Project Investment Based On PPP Mode From The Perspective Of Construction Side

PPP is a new type of financing model emerges after the infrastructure construction reform of China entered deep water area. PPP model includes BOT, TOT, ROT, TBT, BTO and many other forms. It can not only meet the needs of diversified investment in the field of infrastructure construction, and also can effectively alleviate the pressure on government investment, improve the efficiency of infrastructure construction projects. However, China's PPP investment and financing construction model is still in the primary stage, there are many risk factors that are not clear enough and difficult to control for the construction side. With the fierce competition in the construction market, risk management has become one of the important criteria to measure the level of construction management. Therefore, it is of great significance for the construction side to consistently improve and strengthen the risk management of PPP model which is in accord with China's basic national conditions.This paper is guided by the engineering project risk management theory, integrates theoretical and empirical research methods, and takes a stadium PPP project as a case. According to the actual engineering conditions and the implementation way of the PPP project, the paper uses value-for-money to evaluate the qualitative and quantitative analysis, as to confirm that the project can be built through PPP model, calculates the concession period of the project by the quantitative analysis, and then determines the government security model according to the location and economic conditions of the project. The construction side of this project firstly quantitatively assesses the investment risk of the project through the method of the expert investigation and the method of comprehensive evaluation to vague risks. Then, it uses the method of the expert investigation again to puts forward the counterstrategies and measures to deal with the risks in each stage of project financing, construction, operation and transfer etc. after completing the project tender, thus to lay the groundwork for the PPP project investment side when they make a final investment decision and take a reasonable response to risk in the process of project operation.The results of this research will provide a reference for the risk management of similar construction side's PPP projects in the future.