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

Lin Yang (), Jiaming Lou and Xinran Hu
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Lin Yang: Wuhan University
Jiaming Lou: Wuhan University
Xinran Hu: Wuhan University

A chapter in Proceedings of the 26th International Symposium on Advancement of Construction Management and Real Estate, 2022, pp 1577-1591 from Springer

Abstract: 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.

Keywords: Utility tunnel; Risk identification; Risk analysis; Principal component analysis (PCA); PPP project (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:lnopch:978-981-19-5256-2_121

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DOI: 10.1007/978-981-19-5256-2_121

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