A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Catastrophe Risk Management for Private-Public Partnership (PPP) Infrastructure Projects
Globally, there is an increasing trend in adopting a Public-Private partnership (PPP) scheme to develop infrastructure systems. At the same time, the frequency and severity of losses from catastrophes have increased dramatically. In order to keep the infrastructure projects sustainable, catastrophe risk management as one necessary component of risk management must be taken into consideration. Combined with the special properties of PPP projects, a pro forma cash flow model would form a useful basis for quantifying catastrophic risks and measuring the dynamic financial gap of the project. A catastrophe risk management strategy will be developed based on an in-depth understanding of the project's risk exposure, a good understanding of the timing in the needs for resources and project's internal financial capacity to retain the risk, cost tradeoffs between different types of risk financing instruments and mitigation efforts, and last but not least, layered risk-transfer portfolio setup.
Catastrophe Risk Management for Private-Public Partnership (PPP) Infrastructure Projects
Globally, there is an increasing trend in adopting a Public-Private partnership (PPP) scheme to develop infrastructure systems. At the same time, the frequency and severity of losses from catastrophes have increased dramatically. In order to keep the infrastructure projects sustainable, catastrophe risk management as one necessary component of risk management must be taken into consideration. Combined with the special properties of PPP projects, a pro forma cash flow model would form a useful basis for quantifying catastrophic risks and measuring the dynamic financial gap of the project. A catastrophe risk management strategy will be developed based on an in-depth understanding of the project's risk exposure, a good understanding of the timing in the needs for resources and project's internal financial capacity to retain the risk, cost tradeoffs between different types of risk financing instruments and mitigation efforts, and last but not least, layered risk-transfer portfolio setup.
Catastrophe Risk Management for Private-Public Partnership (PPP) Infrastructure Projects
Qian, Qiyu (author) / Kong, Robert Tiong Lee (author)
Construction Research Congress 2009 ; 2009 ; Seattle, Washington, United States
Building a Sustainable Future ; 716-725
2009-04-01
Conference paper
Electronic Resource
English
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