公私伙伴關(guān)系（PPP）模式被稱為一種新的有效方式能解決基礎(chǔ)設(shè)施開發(fā)和管理資金問題。自20世紀(jì)90年代以來,世界各國政府,尤其是越南政府,總是抓住機(jī)會,促進(jìn)私營部門參與PPP模式下的項目開發(fā)。此外,在越南,BOT項目占PPP總體基礎(chǔ)設(shè)施的很大比例。PPP項目有持續(xù)時間長,管理復(fù)雜,需要大量投資資金。PPP項目的建設(shè)和運(yùn)營資金有各種來源,但金融貸款是主要來源。另一方面,由于資本市場的快速發(fā)展,通過使用債券,票據(jù)等債務(wù)工具為項目提供資金變得越來越重要,克服了貸款的一些缺點。無論采用何種形式的融資,投資者以及銀行都關(guān)注PPP項目的風(fēng)險。通過選擇最符合投資標(biāo)準(zhǔn)信用評級的項目,可以大大減輕這些風(fēng)險。簡單來說,信用評級基于對項目可行性,法律風(fēng)險,項目財務(wù)能力,公共部門信用狀況,PPP項目贊助商經(jīng)驗和投資者財務(wù)能力等因素的評估。PPP項目的信用評級分配給項目的銀行貸款或證券,并由以一致和透明的方式實施。投資者和其他市場參與者可以將此評級作為發(fā)行人或債務(wù)發(fā)行信用風(fēng)險的測試工具,以支持進(jìn)行投資和業(yè)務(wù)決策。因此,信用評級較高的PPP項目將受到更多關(guān)注,更容易吸引國內(nèi)外投資。PPP項目具有周期長,管理過程復(fù)雜... 

【文章來源】：華南理工大學(xué)廣東省 211工程院校 985工程院校 教育部直屬院校

【文章頁數(shù)】：214 頁

【學(xué)位級別】：碩士

【文章目錄】：
摘要
ABSTRACT
CHAPTER 1 INTRODUCTION
    1.1 Research background and research rationale
        1.1.1 Research background
        1.1.2 Research rationale
    1.2 Literature review
        1.2.1 Research about Risk management and Risk identifying
        1.2.2 Research about quantifying the influence of risk factors on PPPs performance
        1.2.3 Research about credit scoring and credit rating for PPPs
    1.3 Methodology
        1.3.1 Research method
        1.3.2 Research technical route
    1.4 Research innovation
    1.5 Research structure and content
CHAPTER 2 PPP MODEL AND SOURCES OF FUND IN FINANCING A PPP PROJECT
    2.1 Overview PPP model
        2.1.1 Definition of PPP model
        2.1.2 Process of PPP Infrastructure project
        2.1.3 Some common kind of PPPs
    2.2 Sources of fund
        2.2.1 Equity capital
        2.2.2 Debt capital
        2.2.3 Mezzanine/Subordinated capital
    2.3 Some usual debt instruments in financing PPP project
        2.3.1 BankLoans
        2.3.2 Bond
        2.3.3 Asset-Based Security（ABS）
    2.4 Chapter summary
CHAPTER 3 IDENTIFYING KEY RISK FACTORS EFFECTED TO PPP PROJECT CREDITRATING
    3.1 The common used approach to identifying risk factors affected to PPP project
    3.2 Content of key analytical factors effected to PPP project credit rating
        3.2.1 Construction risk
        3.2.2 Operating and management risk
        3.2.3 Financial ris
        3.2.4 Market risk
        3.2.5 Pubilc sector risk
        3.2.6 Inexorable risk
        3.2.7 Other risks
CHAPTER 4 SCORING KEY RISK FACTORS DURING THE PPP PROJECT LIFE CYCLE ANDIMPROVEMENT IN RESEARCH
    4.1 Overview current common method related to risk assessment
        4.1.1 Appraisal investment projects method
        4.1.2 Corporation credit scoring/rating method
    4.2 The mismatch of the current method in PPPs risk assessment
    4.3 Standard scoring for risk factors during the PPP project life cycle PPP
        4.3.1 Construction risk
        4.3.2 Operating and management risk
        4.3.3 Financial risk
        4.3.4 Market risk
        4.3.5 Public sector risk
        4.3.6 Inexorable risk
        4.3.7 Other risks
    4.4 Chapter summary
CHAPTER 5 QUANTIFYING THE WEIGHTS OF RISK FACTORS AND CREDIT RATINGFRAMEWORK FOR PPP PROJECT
    5.1 Limitation of current credit scoring/rating methods for investment projects
    5.2 Application of weight evaluation method to PPP project's risk factors
        5.2.1 Quantifying the risk factors of PPP projects
        5.2.2 Evaluating the weight of risk factors during PPP project life cycle
    5.3 Principle of evaluating the weight of risk faetors during PPP project life cycle
    5.4 Establishing PPP Project Credit Score Model
        5.4.1 Definition and meaning of credit rating
        5.4.2 Process for rating a PPPs
        5.4.3 PPPs credit rating framework
    5.5 Chapter summary
CHAPTER 6 PRACTICAL PROJECT ANALYSIS
    6.1 Outline of selected project
        6.1.1 Background of selected project
        6.1.2 Outline of selected project
        6.1.3 Financial project plan and financial assessment
    6.2 Identifying risk factors of the practical project
    6.3 Quantifying the meaning of risk factors to the practical project's performance
        6.3.1 Check Validity and Relability of the sample
        6.3.2 Applying the AHP method to determine the weight of risk factors
    6.4 Credit scoring of case study
    6.5 Rating the case study and conclusion
CONCLUSSION AND RECOMMENDATION
    Conclusion
    Recommendation
REFERENCES
攻讀碩士學(xué)位期間取得的研究成果
APPENDIX 1 Survey assessment the impact of risk factors during various types of infrastructure public-privatepartnership project life-cycle
APPENDIX 2 Guidance of scoring for risk factors during ppp project life cylcle
ACKNOWLEDGEMENT
附件



本文編號：2961672