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

【文章來(lái)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(yè)數(shù)】：214 頁(yè)

【學(xué)位級(jí)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



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