IDENTIFICATION AND ALLOCATION OF RISKS ASSOCIATED WITH PPP WATER PROJECTS IN CHINA

被引：54

作者：

Xu, Yelin ^{[1
,2
]}

Yang, Yunfang ^{[3
]}

Chan, Albert P. C. ^{[4
]}

Yeung, John F. Y. ^{[5
]}

Cheng, Hu ^{[1
]}

机构：

[1] Southeast Univ, Dept Construct Management & Real Estate, Nanjing 210009, Peoples R China

[2] Zhejiang Sci Tech Univ, Dept Engn Management, Hangzhou, Zhejiang, Peoples R China

[3] Zhejiang Sci Tech Univ, Sch Civil Engn & Architecture, Hangzhou, Zhejiang, Peoples R China

[4] Hong Kong Polytech Univ, Dept Bldg & Real Estate, Kowloon, Hong Kong, Peoples R China

[5] Hong Kong Baptist Univ, Sch Continuing Educ, Coll Int Educ, Hong Kong, Hong Kong, Peoples R China

来源：

INTERNATIONAL JOURNAL OF STRATEGIC PROPERTY MANAGEMENT | 2011年 / 15卷 / 03期

关键词：

Public-Private Partnerships; Risk identification; Risk allocation; Water industry; China; PUBLIC-PRIVATE PARTNERSHIPS; SYSTEM; BOT;

D O I：

10.3846/1648715X.2011.617867

中图分类号：

C93 [管理学];

学科分类号：

12 ; 1201 ; 1202 ; 120202 ;

摘要：

As part of a comprehensive research into PPP implementation, nine case studies were scrutinized to explore the critical risks influencing the success of PPP water projects in China. Eleven critical risks were identified from real-life risk events through the content analysis. They were further analyzed in the aspects of risk origin and their allocation mechanism. It has been found that the government risks are considered as the most critical risks encountered by the Chinese project practitioners. To allocate risk, industrial practitioners should not only take into account of their management capability, but they should also pay more attention to the overall balance of risks and benefits, and risk guarantee through rigorous contract structure. The findings presented here are believed to enable interested investors to better understand the risks of PPP water projects in China.

引用

页码：275 / 294

页数：20