The Risk Sharing of Inter-city Railway PPP Project in China

In recent years, the PPP model has been widely used in China’s inter-city railway construction, and the risk sharing of inter-city railway PPP projects has become the focus of research and practice. Based on stochastic cooperative game theory, this paper optimizes the Shapley value according to the characteristics of the construction pattern of the inter-city railway PPP projects in China, and constructs the risk sharing model applicable to the inter-city railway PPP projects in China, this model can determine the optimal risk allocation ratio of public services and private sector in order to achieve optimal revenue. In addition, relevant suggestions on risk management of intercity railway PPP projects are put forward from three dimensions: suggestions for national, suggestions for public sector level and suggestions for private sector level, which has certain reference significance for risk allocation management of inter-city railway PPP projects in China.