【作者】 王怡；

【导师】 陈敏；

【作者基本信息】 华中科技大学 ， 会计， 2014， 硕士

【摘要】 我国“十二五”规划大力提倡开展基础设施建设,基建行业是一个只要城市在进步在建设,就永远有业务的行业。BT模式从上世纪90年代传入我国后,被基建行业被广泛运用。由于经济建设飞速发展,BT模式中的风险控制就成了研究重点。BT模式的风险从项目立项之初到项目结束收回投资,一直存在。其风险多种多样,如相关合规文件不完善被有关部门查处;由于建设时间长,不再被市场所需求;建设施工时期遭遇气候变化难以施工等等可控不可控的风险。各种风险之间都有千丝万缕的联系,如不加以控制,看似不起眼的风险可能发展到影响项目收益。由此,BT模式的风险研究是个很有必要的课题。再者,目前BT模式的条件限制了只有大型建设企业才能承担,那么对于在经济变革中不甚灵活的大型企业,国家鼓励BT模式的发展在企业来说无疑是一次机遇,更需要对BT模式的风险控制进行研究。本文阐述了BT模式对于目前基建行业的意义,以及目前国内外对其的相关研究。对BT模式进行了概述,对其所面临的风险进行了分析评价,并提出了应对的方法。最后以湖南株洲湘江五桥BT项目为例,通过对项目中各种风险的表现分析了投资方相应的防范措施,总结其经验作为借鉴。更多还原

【Abstract】 Since China’s 12 th Five-Year Plan advocated development of infrastructure construction, whenever civil construction are in the progress, construction industry will also be thriving. The BT model was introduced to China from the 90’s of last century, and has been widely used in infrastructure industry. Meanwhile, the economic development is so rapid that the related theoretical research is still not perfect.Various kinds of risk in BT model exists from the beginning to the end of project. If related compliance file is not compete, the involved entities would be punished by relevant authorities; if construction time is too long, the market demand may change; during construction period, weather change might also cause delay to construction schedule. There is complicated relation between all kinds of risk, if not controlled, insignificant risk may diminish project proceeds. Therefore, study on the risk of BT mode is a necessary. Furthermore, under the current BT mode conditions, only large-scale construction enterprises can bear the risk. Since large enterprises is not very flexible in economic transform, it would an opportunity for large enterprises now that the government encourages BT mode.This paper explains why the BT mode is important for infrastructure industry at home and abroad. In section 1, the paper introduces related researches on BT mode. In section 2, the author summarizes the BT mode, estimates related risk and proposes solution. In section 3 to 5, Hunan Zhuzhou Xiangjiang Fifth Bridge project is used as an example to illustrate the precautionary measure of investor for different kinds of risk.更多还原