Risk Management in Private Finance Initiative Projects
Автор:Darinka Asenova Год: 2010 Издание:LAP Lambert Academic Publishing Страниц: 240 ISBN: 9783838327228 Over the last decade, the Private Finance Initiative (PFI) has become preferred government option for the provision of different services to the public. In PFI procurement, private companies take on the obligation to build and manage a facility but provide only a small fraction of the project''s capital requirements. Despite the considerable amount of attention to various PFI related issues, little research has been conducted on the risk management practices of the financial institutions in PFI procurement. This book presents an exploratory study of the risk management strategies of financiers in PFI projects. The study analyses fourteen elite interviews with senior managers from financial companies and four detailed case studies which focus specifically on project risks and risk management strategies. The research concludes that virtually all financiers utilise fairly standardised and systematic risk management approaches, which centre on contractual risk...
