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ABSTRACT
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.
SANTRAUKA
Atliekant išsamų tyrimą dėl viešojo ir privačiojo sektoriaus partnerystės diegimo, buvo išnagrinėti devyni atvejo tyrimai, siekiant ištirti svarbiausias rizikos rūšis, kurios daro įtaką sėkmingai viešojo ir privačiojo sektoriaus partnerystei Kinijos vandens projektuose. Analizuojant turinį, pagal realius rizikos atvejus nustatyta 11 svarbiausių rizikos rūšių. Jos buvo nagrinėjamos papildomai, apžvelgiant į su rizikos kilme ir jos paskirstymo mechanizmu susijusius aspektus. Nustatyta, kad su vyriausybe susijusios rizikos rūšys laikomos svarbiausiomis rūšimis, su kuriomis susiduria Kinijoje projektus diegiantys asmenys. Siekdami paskirstyti riziką, pramonės atstovai turėtų ne tik atsižvelgti į savo vadybinius pajėgumus, bet ir daugiau dėmesio skirti bendrai rizikos ir naudos pusiausvyrai bei rizikos garantijoms per griežtą sutarčių struktūrą. Manoma, kad čia pateikiamos išvados susidomėjusiems investuotojams leis geriau suprasti, kokia rizika kyla vykdant viešojo ir privačiojo sektoriaus partneryste pagrįstus vandens projektus Kinijoje.
Acknowledgements
The work described in this paper was supported by the National Natural Science Foundation of China (Project No. 71101130). Special gratitude is also extended to a joint grant from the Research Grants Council of the Hong Kong Special Administrative Region, China (RGC Project No. N_PolyU5114/05E) and the National Natural Science Foundation of China (Project No. 70731160634).
Acknowledgements
The work described in this paper was supported by the National Natural Science Foundation of China (Project No. 71101130). Special gratitude is also extended to a joint grant from the Research Grants Council of the Hong Kong Special Administrative Region, China (RGC Project No. N_PolyU5114/05E) and the National Natural Science Foundation of China (Project No. 70731160634).
