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Risks in PPP Water Projects in China: Perspective of Local Governments

机译：中国PPP水务项目的风险：地方政府的观点

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In the last decade, China has implemented more public-private partnership (PPP) projects in the water sector compared to other sectors. However, efficient management of risks in these projects remains problematic. While there have been many studies that have examined risks associated with PPPs in China, the experience of local governments with risks has received little or no attention in the literature. Moreover, the stages at which the risks are significant and how these risks are interrelated have not been researched. This paper examines risks as experienced from the local government's perspective and how they manifest across five PPP stages: (1) feasibility, (2) procurement, (3) construction, (4) operation, and (5) transfer. The interrelationship between the risks across the PPP stages is also examined. Data was collected via questionnaire surveys and interviews, and it was analyzed using quantitative and qualitative analysis. The findings reveal critical risk for local governments and how their impacts vary across project stages. Some of the risks influence other risks both within and across the five PPP stages. The findings provide significant insight into the dynamic nature risks in PPP water projects, which has important implications for practitioners when developing risk mitigation strategies. (C) 2017 American Society of Civil Engineers.
机译：在过去的十年中，与其他部门相比，中国在水部门实施了更多的公私合营项目。但是，这些项目中的风险有效管理仍然存在问题。尽管在中国有许多研究检查了与PPP相关的风险，但文献中很少或根本没有关注具有风险的地方政府的经验。此外，尚未研究风险显着的阶段以及这些风险如何相互关联。本文从地方政府的角度考察了所经历的风险，以及它们如何在五个PPP阶段体现出来：（1）可行性，（2）采购，（3）施工，（4）操作和（5）转移。还检查了PPP阶段各个风险之间的相互关系。通过问卷调查和访谈收集数据，并使用定量和定性分析进行分析。调查结果揭示了地方政府面临的重大风险以及它们在各个项目阶段的影响如何变化。在PPP的五个阶段之内和之间，某些风险都会影响其他风险。这些发现提供了对PPP水项目中动态自然风险的重要见解，这对于从业人员制定风险缓解策略时具有重要意义。 （C）2017年美国土木工程师学会。

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