Research On Expressway Project Risk Management Based On PPP Mode

Constructing comprehensive transportation network has strategic significance.As an important part of transportation network,expressway is playing an increasingly important role in promoting national economic development and guaranteeing national economy and people’s livelihood with the development of the times.Highway construction needs a lot of funds,which will inevitably bring huge financial pressure to local governments.In order to ensure the orderly construction of the project and alleviate the capital problems in the process of project construction,it is necessary to explore diversified financing channels.PPP(Public-Private-Partnership)as a new financing mode,through the cooperation of government and social capital,can not only solve the problem of investment in project construction funds,but also help to promote the change of the functions of govermment departments,thus promoting the development and innovation of public project management system.In the PPP project contract with all participants,the identification and evaluation of risk,whether theoretical research or project practice,is particularly prominent and important.Based on the concept of PPP financing mode,this paper mainly studies the key risk factors in M expressway project by identifying the risk list of Expressway project,calculating and sorting the risk weights of each risk factor,and verifying its importance.Relevant studies at home and abroad show that a good and healthy investment and financing model can effectively promote the construction of transport infrastructure,while the PPP mode can give full play to its great advantages in the system and mobilize the enthusiasm of the market.However,PPP investment and financing mode also has shortcomings,because project financing often has a long cycle,large demand for funds,such as risk identification is not in place,risk response is not timely and so on,which may lead to the failure of the project.Although expressway financing under PPP mode is carried out earlier than other industries,most of the previous scholars’ research has focused on the qualitative control of the overall risk,and lacks the quantitative identification of the risk factors in the whole process.Therefore,it is of great practical significance to pay close attention to the financing risk of expressway under PPP mode,and to take more scientific and effective risk identification and response measures.In this paper,the application risk of PPP mode in this field is studied qualitatively and quantitatively.The research ideas to be adopted are as follows:through the combing and analysis of the development and practice of the application of PPP mode in the field of transportation infrastructure,and the review and analysis of the existing relevant research literature,referring to the relevant theories of PPP mode,from the perspective of social capital,This paper analyzes the financing risk problem in M expressway project,identifies the risk in three times,defines the core risk factors,constructs the risk evaluation matrix by analytic hierarchy process(AHP),and calculates the influence weight of each risk factor.And according to the weight of the impact of the project to sort the risk factors,so as to put forward more targeted risk response strategies.As an important infrastructure for national economic and social development,how to effectively finance and control and avoid risks as much as possible is very important when introducing PPP model.The research value of this paper lies in that carrying out such work and applying it to practice can not only ensure the better operation of the project,but also achieve greater economic and social benefits,thus maximizing the interests of all parties.