A Decision Model of Risk Allocation for Urban Rail Transit Projects under Public-Private-Partnership Model: A Research Framework

Abstract

Abstract. In the field of supplying urban rail transit projects, Public-Private-Partnership (PPP) model is an important implementation approach in China, but the project management performance is still not satisfactory owing to lack of resonable and quantitative risk allocation models. At first, on the basis of literature review, this paper puts forward a logical framework of study on risk allocation model for the urban rail transit project under the PPP model. And then, it deconstructs the main research points which include collecting and analyzing the influencing factors of project risk allocation, constructing the theoretical framework of risk allocation decision, constructing and verifying the quantitative risk allocation decision model. Finally, the paper provides several methods for this reseach theme. The viewpoints of the paper have some methodological significance for theoretical research and practical work on the risk allocation decision of the PPP project.

Operational risk allocation in urban rail transit public–private partnership projects

“…Operation risk is a collection of uncertain factors that affects the balance of revenue and expenditure of PPP projects in a long franchise period (Vecchi et al, 2018). Generally, the public sectors take the majority of responsibility for political and regulatory risks, and the private sectors take the majority of responsibility for macroeconomic and technical risks (Mandriperrott and Menzies, 2010;Zhao et al, 2016;Yuan et al, 2018). Providing efficient and high-quality public services is the main goal of URT PPP project (Yuan et al, 2018).…”