基于PPP模式的BOT项目财务风险分析及防范.pdfVIP

Vo l. 32 No.9 第 32 卷第9 期 公路交通科技 2015 年9 月 loumal of Highway and Transportation Research and Development Sep. 2015 doi: 10. 3969/j. issn. 1002 -0268.2015.09.025 基于 ppp 模式的 BOT 项目财务风险 分析及防范 徐刚 (交通运输部公路科学研究院，北京 l ∞088 ) 摘要:随着我国基础设施建设进程的加快 积极利用外资和社会资金，多元化融资已成为基础设施建设的主要特征。 BOT 作为 ppp 融资模式之一，已逐步成为基础设施融资的重要模式。首先针对 BOT 工程项目存在的财务风险进行了 分析乞其次探讨了这些风险的控制对策，包括筹资风险控制、投资风险控制、资金回收风险控制、成本超支风险控 制乞最后提出了控制这些风险的保障捞施，包括提高风险意识、建立防范系统、加强资金管理、旅行全面管理。 关键词:运输经济; BOT; 工程项目:财务风险; ppp 中图分类号: F275 文献标识码:A 文章编号: 1002 - 0268 (2015) 09 - 0150 - 04 Analysis and Prevention of Financial Risk in BOT Project Based on PPP Mode XU Gang ( Research Institute of Highway , Ministry of Transport , Beijing 100088 , China) Abstract: With the fast process of infrastructure construction in China , actively using foreign capital and social capital and diversified financing has become one of the main features of the construction of infrastructure. As one of the PPP lìnancing mode , BOT has gradually become an important mode of infrastructure financing. First , the lìnancial risks existing in BOT projects are analysed. Then , the control countermeasures of these risks (controlling lìnancing risk , investment risk , capital recovery risk , and cost overrun risk) are discussed. At last , the guarantee measures (enhancing risk awareness , establishing preventive system , strengthening lìnancial management , implementing comprehensive management) for controlling these risks are discussed. Key words: transport economics; BOT; engineering project; l