Constructing a Risk-Sharing Framework for Sponge City PPP Projects from the Perspective of the Individual Participant

<table class="table-group" id="tab7"><tr><td><table class="table"><tr><td class="thead-hr" colspan="3"><hr/></td></tr><tr class="thead"><td class="align_left">Indicators of the risk</td><td class="align_center">The proportion of the shared risk</td><td class="align_center">Participant(s) bearing the risk</td></tr><tr><td class="thead-hr" colspan="3"><hr/></td></tr><tr><td class="align_left">Project financing failure (<i>c</i><sub>5</sub>)</td><td class="align_center">0.378 : 0.465 : 0.157</td><td class="align_center">WSCC, WIS, and FI</td></tr><tr><td class="align_left">Interest rate (<i>c</i><sub>6</sub>)</td><td class="align_center">0.645 : 0.355</td><td class="align_center" rowspan="2">WIS and WCS</td></tr><tr><td class="align_left">Market price change (<i>c</i><sub>7</sub>)</td><td class="align_center">0.619 : 0.381</td></tr><tr><td class="align_left">Cost overspending (<i>c</i><sub>8</sub>)</td><td class="align_center">0.163 : 0.542 : 0.1281 : 0.167</td><td class="align_center">WSCC, WGCCD, WIS, and WCS</td></tr><tr><td class="align_left">Insufficient operating income (<i>c</i><sub>14</sub>)</td><td class="align_center">0.431 : 0.569</td><td class="align_center" rowspan="2">WSCC and WCS</td></tr><tr><td class="align_left">Lack of an effective payment mechanism (<i>c</i><sub>15</sub>)</td><td class="align_center">0.631 : 0.369</td></tr><tr class="table-tr"><td colspan="3"><hr class="tbody-hr"/></td></tr></table></td></tr></table>

<div>The proportion of shared risks.</div>

Advances in Civil Engineering

tab7

Table 7

Table 7: Constructing a Risk-Sharing Framework for Sponge City PPP Projects from the Perspective of the Individual Participant 