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Increasing Resilience of Utility Tunnel PPP Projects Through Risk Management: A Case on in Shiyan City

In: Proceedings of the 26th International Symposium on Advancement of Construction Management and Real Estate

Author

Listed:
  • Lin Yang

    (Wuhan University)

  • Jiaming Lou

    (Wuhan University)

  • Xinran Hu

    (Wuhan University)

Abstract

Successful urban infrastructure systems are subjected to the resilience of utility tunnel PPP projects, to which the risk management ability of PPP organizations matters. Hence, it is urgent to achieve a better risk management mechanism for utility tunnels with better resilience. By using multiple methods, 56 risks were comprehensively identified to formulate the risk list (RL) of utility tunnel PPP projects. Applying the principal component analysis, nine initial principal components were determined by analyzing the accumulative rate of variance contribution. Then, the critical risks were further screened out via the final rotated component matrix. Moreover, the Utility Tunnel PPP Project in Shiyan City (UTPSC) was adopted as a case study, where the results showed the significance of variable policy and regulations, governmental supports, SPVC’s ability, and irrational project positioning. Research findings have proved the applicability of these research methods and provide practical strategies to increase resilience of utility tunnel PPP projects.

Suggested Citation

  • Lin Yang & Jiaming Lou & Xinran Hu, 2022. "Increasing Resilience of Utility Tunnel PPP Projects Through Risk Management: A Case on in Shiyan City," Lecture Notes in Operations Research, in: Hongling Guo & Dongping Fang & Weisheng Lu & Yi Peng (ed.), Proceedings of the 26th International Symposium on Advancement of Construction Management and Real Estate, pages 1577-1591, Springer.
    • Handle: RePEc:spr:lnopch:978-981-19-5256-2_121
    DOI: 10.1007/978-981-19-5256-2_121
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