International Conference on Construction and Real Estate Management 2016
Research on the Risk Sharing of Infrastructure Projects Using the PPP Model: A Case Study of the XL Sewage Treatment Plant in Guangzhou City
Publication: ICCREM 2016: BIM Application and Off-Site Construction
ABSTRACT
Risk-sharing is the key factor to the success of PPP (public-private partnership). Based on the domestic and overseas infrastructure projects’ risk-sharing situation, the current study proposes the principle of risk allocation for the purpose of “mutual benefit and win-win,” sets up the risk allocation process, and establishes a linear model. Taking the XL sewage treatment plant in Guangzhou as an example, the study analyses the risk allocation of infrastructure projects in the PPP model, making the involved projects to achieve the maximum satisfaction of risk-sharing scheme. In addition, the study puts forward the corresponding countermeasures and suggestions to improve risk allocation.
Get full access to this chapter
View all available purchase options and get full access to this chapter.
REFERENCES
Chen, Y.M. and Xu, Z.Y. (2006). “The choice of financing mode of urban public infrastructure based on PPP.” Construction Economy, (12), 30–33. (in Chinese).
Du, D. and Shi, H. (2006) “Chapter 1: Determination of index weight.” Modern comprehensive evaluation method and case selection, Tsinghua University Press, Beijing, 5–6. (in Chinese).
Li, H. and Huang, D. (2014). “Review of risk management of PPP model.” Construction Economy, (6), 37–41. (in Chinese).
Li, L., Zhu, B., Liu, Y. and Zhang, S. (2014). “Research on risk sharing mechanism of integrated framework for PPP pattern.” Construction Economy, (9), 11–14. (in Chinese).
Shen, L.Y., Platten, A. and Deng, X.P. (2006). “Role of Public-Private-Partnerships to manage risks in public sector projects in Hong Kong.” International Journal of Project Management, 24(7), 587–594.
Tao, S. (2015). “Research on the risk sharing of PPP model: based on the analysis of the urban rail transit in Beijing.” Modernization of Management, 35(4), 85–87. (in Chinese).
Yang, Q. and Hou, X. (2008). “Research on the improvement of risk sharing framework of PPP model.” Project Management Technology, 6(8), 13–15. (in Chinese).
Zhang, H. (2014). “Risk sharing mechanism and international experience of PPP Model.” Gansu Finance, (1), 54–55. (in Chinese).
Information & Authors
Information
Published In
ICCREM 2016: BIM Application and Off-Site Construction
Pages: 880 - 886
Editors: Yaowu Wang, Ph.D., Professor, Harbin Institute of Technology, Mohamed Al-Hussein, Ph.D., Professor, University of Alberta, Geoffrey Q. P. Shen, Ph.D., Professor, The Hong Kong Polytechnic University, and Yimin Zhu, Ph.D., Professor, Louisiana State University
ISBN (Online): 978-0-7844-8027-4
Copyright
© 2017 American Society of Civil Engineers.
History
Published online: Aug 14, 2017
Authors
Metrics & Citations
Metrics
Citations
Download citation
If you have the appropriate software installed, you can download article citation data to the citation manager of your choice. Simply select your manager software from the list below and click Download.