Risk sharing mechanism research based on the PPP model of urban rail transit project
  
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KeyWord:PPP model, Urban rail transit, Risk identification, Risk assessment, Risk-sharing mechanisms
     
AuthorInstitution
Yudan Zhao School of Management Engineering and Business, Hebei University of Engineering, Handan,China
Jiyong Li School of Management Engineering and Business, Hebei University of Engineering, Handan,China
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Abstract:
      PPP (Public-Private-Partnerships) model is a new public and private project financing mode in recent years. It has been more and more applied in the construction of urban rail transit in China. The PPP model of urban rail transit project will face a lot of complex risk factors in the whole life cycle, thus risk sharing problem has become the key to the successful operation of urban transport projects in PPP mode. This paper expounds the main risks of PPP project, studying the principle of risk sharing and the main problems existing in the risk allocation of PPP project. Based on the project risk sharing model of the PPP projects are constructed. The risk sharing mechanism of urban rail transit PPP project is designed.
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