References

• Andi 2006 The importance and allocation of risks in Indonesian construction projects , Construction Management and Economics , 24 1 , pp. 69 – 80 . doi: 10.1080/01446190500310338
   Google Scholar
• Arndt , R. and Maguire , G. 1999 Risk allocation and identification project – survey report , Unpublished report, University of Melbourne, Department of Treasury and Finance, Australia .
   Google Scholar
• Carr , V. and Tah , J. H. M. 2001 A fuzzy approach to construction project risk assessment and analysis: construction project risk assessment system , Advance in Engineering Software , 32 10–11 , pp. 847 – 857 . doi: 10.1016/S0965-9978(01)00036-9
   Web of Science ®Google Scholar
• Chan , A. P. C. Lam , P. T. I. Chan , D. W. M. Cheung , E. and Ke , Y. J. 2010 Critical success factors for PPPs in infrastructure developments: Chinese perspective , Journal of Construction Engineering and Management-ASCE , 136 5 , pp. 484 – 494 . doi: 10.1061/(ASCE)CO.1943-7862.0000152
   Web of Science ®Google Scholar
• Chan , A. P. C. Lam , P. T. I. Chan , D. W. M. Cheung , E. and Ke , J. Y. 2009a Drivers for adopting public private partnerships-empirical comparison between China and Hong Kong special administrative region , Journal of Construction Engineering and Management-ASCE , 135 11 , pp. 1115 – 1124 . doi: 10.1061/(ASCE)CO.1943-7862.0000088
   Web of Science ®Google Scholar
• Chan , A. P. C. Lam , P. T. I. Chan , D. W. M. Cheung , E. and Ke , J. Y. 2009b Potential obstacles to successful implementation of public private partnerships (PPP) in China and the Hong Kong special administrative region , Journal of Management in Engineering-ASCE , 26 1 , pp. 30 – 40 . doi: 10.1061/(ASCE)0742-597X(2010)26:1(30) \
   Google Scholar
• Chen , C. and Doloi , H. 2008 BOT application in China: driving and impeding factors , International Journal of Project Management , 26 4 , pp. 388 – 398 doi: 10.1016/j.ijproman.2007.07.002
   Google Scholar
• Chen , Y. B. and Ma , L. L. 2007 . The study of the cost of inflation in China . Economic Research Journal , 4 ( 2 ) : 36 – 40 .
   Google Scholar
• Choi , H. H. Cho , H. N. and Seo , J. W. 2004 Risk assessment methodology for underground construction projects , Journal of Construction Engineering and Management-ASCE , 130 2 , pp. 258 – 272 . doi: 10.1061/(ASCE)0733-9364(2004)130:2(258)
   Web of Science ®Google Scholar
• Deng , X. P. 2007 A study of risk allocation and countermeasures in implementing PPP projects , PhD thesis, Department of Building and Real Estate, Southeast University. (In Chinese)
   Google Scholar
• Deviprasadh , A. 2007 Risk assessment and management in construction projects . Department of Civil Engineering, College of Engineering Guindy campus, Anna University, Chennai. Master thesis .
   Google Scholar
• Fan , J. C. 2005 Risk identification and management of a BOT project financing , Construction Technology , 34 pp. 69 – 73 . (In Chinese)
   Google Scholar
• Forbes , D. Smith , S. and Horner , M. 2008 Tools for selecting appropriate risk management techniques in the built environment , Construction Management and Economics , 26 11 , pp. 1241 – 1250 . doi: 10.1080/01446190802468487
   Google Scholar
• Gao , X. 2002 The risk analysis on the BOT financing model , Water Power , 4 , pp. 10 – 14 . (In Chinese)
   Google Scholar
• Jin , X. H. 2010a A neurofuzzy decision support system for efficient risk allocation in public-private partnership infrastructure projects , Journal of Computing in Civil Engineering-ASCE , 24 6 , pp. 525 – 538 . doi: 10.1061/(ASCE)CP.1943-5487.0000058
   Web of Science ®Google Scholar
• Jin , X. H. 2010b Determinants of efficient risk allocation in privately financed public infrastructure projects in Australia , Journal of Construction Engineering and Management-ASCE , 136 2 , pp. 138 – 150 . doi: 10.1061/(ASCE)CO.1943-7862.0000118
   Web of Science ®Google Scholar
• Jin , X. H. and Doloi , H. 2008 Interpreting risk allocation mechanism in public-private partnership projects: an empirical study in a transaction cost economics perspective , Construction Management and Economics , 26 7 , pp. 707 – 721 . doi: 10.1080/01446190801998682
   Google Scholar
• Ke , Y. J. Wang , S. Q. Chan , A. P. C. and Lam , P. T. I. 2010 Preferred risk allocation in China's public-private partnership (PPP) projects , International Journal of Project Management , 28 5 , pp. 482 – 492 . doi: 10.1016/j.ijproman.2009.08.007
   Web of Science ®Google Scholar
• Knight , K. and Fayek , A. R. 2002 Use of fuzzy logic for predicting design cost overruns on building projects , Journal of Construction Engineering and Management-ASCE , 128 6 , pp. 503 – 512 . doi: 10.1061/(ASCE)0733-9364(2002)128:6(503)
   Web of Science ®Google Scholar
• Kong , D. Q. and He , B. S. 1999 Analysis of key factors of BOT project financing , China Harbour Engineering , 5 , pp. 57 – 61 . (In Chinese)
   Google Scholar
• Lam , K. C. Wang , D. Lee , P. T. K. and Tsang , Y. T. 2007 Modeling risk allocation decision in construction contracts , International Journal of Project Management , 25 5 , pp. 485 – 493 . doi: 10.1016/j.ijproman.2006.11.005
   Google Scholar
• Leung , B. Y. P. and Hui , E. C. M. 2005 . Evaluation approach on public-private partnership (PPP) urban redevelopments . International Journal of Strategic Property Management , 9 ( 1 ) : 1 – 16 .
   Google Scholar
• Li , B. 2003 Risk management of PPP projects , PhD thesis, School of the Built and Natural Environment, Glasgow Caledonian University . doi: 10.1016/j.ijproman.2004.04.006
   Google Scholar
• Li , B. Akintoye , A. Edwards , P. J. and Hardcastle , C. 2005 The allocation of risk in PPP/PFI construction projects in the UK , International Journal of Project Management , 23 1 , pp. 25 – 35 . doi: 10.1016/j.ijproman.2004.04.006
   Google Scholar
• Loosemore , M. and McCarthy , C. S. 2008 Perceptions of contractual risk allocation in construction supply chains , Journal of Professional Issues in Engineering Education and Practice-ASCE , 134 1 , pp. 95 – 105 . doi: 10.1061/(ASCE)1052-3928(2008)134:1(95)
   Web of Science ®Google Scholar
• Macneil , I. R. 1978 . Contracts: adjustment of long-term economic relationship under classical, neoclassical, and relational contract law . North-western Law Review , 72 ( 6 ) : 854 – 905 .
   Web of Science ®Google Scholar
• Majamaa , W. Junnila , S. Doloi , H. and Niemistö , E. 2008 End-user oriented public-private partnerships in real estate industry , International Journal of Strategic Property Management , 12 1 , pp. 1 – 17 . doi: 10.3846/1648-715X.2008.12.1-17
   Web of Science ®Google Scholar
• Phillips-Patrick , F. J. 1991 Political risk and organizational form , Journal of Law and Economics , 34 , pp. 675 – 693 . doi: 10.1086/467239
   Google Scholar
• Qi , X. Ke , Y. J. and Wang , S. Q. 2010 Analysis of critical risk factors causing the failures of China's PPP projects . Available at: http://bpma-china.org/news/091014/091014_2.doc2010, 07 (In Chinese)
   Google Scholar
• Roumboutsos , A. and Anagnostopoulos , K. P. 2008 Public-private partnership projects in Greece: risk ranking and preferred risk allocation , Construction Management and Economics , 26 7 , pp. 751 – 763 . doi: 10.1080/01446190802140086
   Google Scholar
• Sachs , T. Tiong , L. K. R. and Wang , S. Q. 2007 Analysis of political risks and opportunities in public private partnerships (PPP) in China and selected Asian countries , Chinese Management Studies , 1 2 , pp. 126 – 148 . doi: 10.1108/17506140710758026
   Web of Science ®Google Scholar
• Shen , L. Y. Platten A. and Deng X. P. 2006 Role of public private partnerships to manage risks in public sector projects in Hong Kong , International Journal of Project Management , 24 7 , pp. 587 – 594 . doi: 10.1016/j.ijproman.2006.07.006
   Google Scholar
• Singh , L. B. and Kalidindi , S. N. 2009 Criteria influencing debt financing of Indian PPP road projects: a case study , Journal of Financial Management of Property and Construction , 14 1 , pp. 34 – 60 . doi: 10.1108/13664380910942635
   Google Scholar
• Song , L. S. 2006 The study of government encouraging to participate in public construction by OT & BOT mode , PhD thesis. National Taiwan University of Science and Technology. (In Chinese)
   Google Scholar
• Standard & Poor 1997 Revised criteria for special-purpose entities in project finance transactions , Standard & Poor's Global Project Finance , pp. 7 – 116 .
   Google Scholar
• Tam , C. M. 1999 Build-operate-transfer model for infrastructure developments in Asia: reasons for successes and failures , International Journal of Project Management , 17 6 , pp. 377 – 382 . doi: 10.1016/S0263-7863(98)00061-1
   Google Scholar
• Thomal , A. V. Kalidindi , S. Ganesh , L. S. 2006 Modelling and assessment of critical risks in BOT road projects , Construction Management and Economics , 24 4 , pp. 407 – 424 . doi: 10.1080/01446190500435275
   Google Scholar
• Thomas , A. V. Kalidindi , S. N. Ananthanaryanan , K. 2003 Risk perception analysis of BOT road project participants in India , Construction Management and Economics , 21 4 , pp. 393 – 407 . doi: 10.1080/0144619032000064127 \
   Google Scholar
• Tieva , A. and Junnonen , J. M. 2009 Proactive contracting in Finnish PPP project , International Journal of Strategic Property Management , 13 3 , pp. 219 – 228 . doi: 10.3846/1648-715X.2009.13.219-228
   Web of Science ®Google Scholar
• Wang , F.Y. , 2008 The application of risk assessment for construction engineering , Science & Technology Information , 19 1 , pp. 137 . (In Chinese) doi: 10.1061/(ASCE)0742-597X(2003)19:2(60)
   Google Scholar
• Wang , Y. 2003 Tropism of financing channels on PFI construction of water supplying works in China , Water & Wastewater Engineering , 29 10 , pp. 9 – 12 . (In Chinese) doi: 10.1016/j.cie.2007.04.009
   Google Scholar
• Wang , M. T. and Chou , H. Y. 2003 . Risk allocation and risk handling of highway projects in Taiwan . Journal of Management in Engineering-ASCE , 19 ( 2 ) : 60 – 68 .
   Google Scholar
• Wang , Y. M. and Elhag , T. M. S. 2007 A fuzzy group decision making approach for bridge risk assessment , Computers & Industrial Engineering , 53 1 , pp. 137 – 148 . doi: 10.1016/j.cie.2007.04.009
   Web of Science ®Google Scholar
• Wang , H. and He , B. S. 1999 A study of project financing risk for BOT model , China Soft Science , 5 , pp. 113 – 121 . (In Chinese)
   Google Scholar
• Wang , G. Q. and Jia , X. L. 2005 Risk management on the BOT investment and financing model , China Water & Wastewater , 21 9 , pp. 85 – 88 . (In Chinese)
   Google Scholar
• Wang , S. Q. and Tiong , L. K. 2000 Case study of government initiatives for PRC's BOT power plant project , International Journal of Project Management , 18 1 , pp. 69 – 78 . doi: 10.1016/S0263-7863(98)00072-6
   Google Scholar
• Wang , S. Q. Tiong , L. K. R. Ting , S. K. and Ashley , D. 2000 Foreign exchange and revenue risks: analysis of key contract clauses in China's BOT project , Construction Management and Economics , 18 3 , pp. 311 – 320 . doi: 10.1080/014461900370672
   Google Scholar
• World Bank 2006 Tools to mitigate risks in highway PPPs. Presented by Cledan Mandri-Perrott in Infrastructure Economics & Finance Department (IEF) Workshop , PPP in Highways, World Bank. Available at: http://www.worldbank.org .
   Google Scholar
• Xenidis , Y. and Angelides , D. 2005 . The financial risks in build-operate-transfer projects . Construction Management and Economics , 23 ( 4 ) : 431 – 441 .
   Google Scholar
• Xu , Y. L. Chan , A. P. C. and Yeung J. F. Y. 2010a Developing a fuzzy risk allocation model for PPP projects in China , Journal of Construction Engineering and Management-ASCE , 136 8 , pp. 894 – 903 . doi: 10.1061/(ASCE)CO.1943-7862.0000189
   Web of Science ®Google Scholar
• Xu , Y. L. Yeung , J. F. Y. Chan , A. P. C. Chan , D. W. M. Wang , S. Q. and Ke , Y. J. 2010b Developing a risk assessment model for PPP projects in China – a fuzzy synthetic evaluation approach , Automation in Construction , 19 7 , pp. 929 – 943 . doi: 10.1016/j.autcon.2010.06.006
   Web of Science ®Google Scholar
• Yan , B. L. 2005 Legal issues concerning the attraction of the private sector's investment in infrastructure , Shandong University (Philosophy and Social Science Edition) , 6 , pp. 134 – 138 . (In Chinese)
   Google Scholar
• Yan , B. and Ruan , N. 2003 Credit risk: a key factor leading to the success of BOT proejcts , International Economic Cooperation , 1 , pp. 46 – 49 . (In Chinese)
   Google Scholar
• Yang , S. H. and Chen , L. J. 2004 Experiences with Exercise of BOT approach in Zigong city waste-water project , China Water & Wastewater , 20 7 , pp. 89 – 91 . (In Chinese)
   Google Scholar
• Yin , R. 2009 . Case study research: design and methods , 4th edition , Beverly Hills, CA : Sage Publications, Inc .
   Google Scholar
• Yu , H. and Qing , H. 2005 . Experiment of public-private partnership procurement model in China , Shanghai, , China : Shanghai Ren Min press .
   Google Scholar
• Yuan , J. F. Deng , X. P. Li , Q. M. and Wang , W. X. 2007 Research on legislative regulation of PPP model and its application in China , Construction Economy , 3 1 , pp. 95 – 99 . (In Chinese)
   Google Scholar
• Zayed , T. M. and Chang , L. M. 2002 Prototype model for build-operate-transfer risk assessment , Journal of Management in Engineering-ASCE , 18 1 , pp. 7 – 16 . doi: 10.1061/(ASCE)0742-597X(2002)18:1(7)
   Google Scholar
• Zeng , S. X. Wan , W. Tam , C. M. and Liu , D. 2008 Identifying risk factors of BOT for water supply projects , Proceedings of the ICE-Water Management , 161 2 , pp. 73 – 81 . doi: 10.1680/wama.2008.161.2.73
   Google Scholar
• Zhang , X. Q. and Kumaraswamy , M. M. 2001 Hong Kong experience in managing BOT projects , Journal of Construction Engineering and Management-ASCE , 127 2 , pp. 154 – 162 . doi: 061/(ASCE)0733-9364(2001)127:2(154)
   Web of Science ®Google Scholar
• Zhou , F. and Wu , H. T. 2003 . Research on the investment in urban sewage treatment in China by the mode of BOT . Industrial Water , 23 ( 12 ) : 53 – 56 .
   Google Scholar