Project Risk Management Of The X Intelligent Traffic Control PPP Project

At present the national living standard is increasing day by day,the national demand for social infrastructure is higher and higher,due to the lack of construction funds,the relevant government departments and management system is not perfect in the field,further lead to the relevant social services capacity increase.The Public-Private Partnerships(PPP)pattern causes enough attention because of being able to provide higher quality,higher efficiency of infrastructure and public services.Especially after the third plenary session of the Communist Party of China(CPC)18,etc,on 2013,the State Council?the National Development and Reform Commission(NDRC)and the Ministry of Finance issued a series of policies and regulations related to the PPP to promote sustainable and healthy development of the PPP model.In the new round of PPP,There has been a boom in PPP projects in China.The PPP model can be a win-win model,for the central government,the PPP is beneficial to boost investment,both in line with the inherent requirement of the reform of supply side,it can effectively alleviate the pressure of the economic downturn in China;For local governments,PPP can not only improve local infrastructure level,stimulate economic growth,but also expand financing channels and financing methods to alleviate local debt crisis.For enterprises,it provides a new capital outlet,which is a great opportunity for enterprise development and expansion.The thesis comes from the project within the enterprise.The purpose of the research is to systematically identify the risk and its characteristics and sources of PPP project;to share the risk of PPP project reasonably;to improve the investment efficiency of the enterprise PPP project.The main theoretical basis of the research is PPP theory,public product theory,franchise project finance theory,principal-agent theory,and risk management theory and value for money,etc.The paper presents a systematic analysis of the risk of PPP project with the combination of theory and practice,qualitative analysis and quantitative analysis.Several methods are used in this paper such as literature analysis,case analysis,theoretical analysis and questionnaire method.They are used to research the PPP theory foundation connotation,risk identification,risk evaluation,risk sharing are studied,the following results have been achieved:The field of PPP project is clearly defined,which provides a reference for enterprises to participate in the field of PPP projects.Through the analysis of PPP mode,it helps enterprises understand the essence of PPP and help enterprises to reduce the risk of enterprises participating in projects through initial project selection.The system identifies the risk factors of enterprises participating in PPP projects,and provides a good reference for enterprises to participate in PPP project construction.There are still some problems to be further studied.How should we set up the Special Purpose Vehicle(SPV)? How can we further avoid or reduce the risk of the project by the SPV? How to expand financing channels,reduce financing costs and financing risks is not enough.The financial and tax treatment of the project needs to be discussed.The exit mechanism for enterprises to withdraw from the PPP project remains to be studied.Through the research of this paper,the author has a comprehensive understanding of the PPP mode and the risk management of PPP projects,and has positive significance for the practice of PPP projects.