Research On Government’s Risk Management Of Park Project Based On PPP Model

In recent years,the PPP model has been widely used in infrastructure and public services,effectively solving the problems of traditional government projects such as single financing channels,heavy financial expenditure pressure and low construction management efficiency.As the decision-maker,cooperator and participant of PPP projects,the government effectively identifies and manages PPP risk based on its own positioning,which is of great significance to the implementation of PPP projects.At present,most studies on PPP risk are based on the perspective of investors and financial institutions,and a few studies from the perspective of government mainly focus on social risk management.At the same time,public welfare projects including park projects are different from other PPP projects due to the lack of operating income and single return mechanism.Therefore,it is necessary to conduct in-depth research and discussion on the government’s risk of PPP park projects.On the basis of literature research,this paper firstly summarizes and using Delphi method is used to identify the system to the government’ risk of the PPP model park project,surrounding the government’s behavior risk,financial risk,legal and policy risk,cooperation risk and force majeure risk from five aspects such as building the PPP model park project risk evaluation index system of government,AHP is used to determine the weight of two levels of indicators and build the government’s risk evaluation model of PPP model park project.Secondly,the paper selects a representative PPP JY Park project as a case study,uses the fuzzy comprehensive evaluation method to quantitatively analyze the government’s risk of PPP JY Park project,and determines the degree of government risk combined with the risk evaluation model.The results show that the PPP JY Park project is in the category of‘lower risk’ on the whole,which is feasible in practice.Meanwhile,the legal policy risk belongs to the category of ‘general risk’,while other risks belong to ‘lower risk’,which is basically consistent with the actual situation and also verifies the rationality of the evaluation model.Although the implementation process of PPP JY Park project is relatively simple and the risk degree of the government is not high,enough attention should be paid to the related problems such as the short implementation time of PPP park project,the incomplete detailed policy system,the government’s lack of implementation experience,and the lack of attraction to social capital for no operational income.The PPP park project risk evaluation model designed in this paper and the government’s risk response ideas and measures for the PPP JY park project are of reference significance to help the government to clarify its own risk management positioning and improve its risk management ability in the PPP park project and other PPP public welfare projects.