Research on Risk Management of Infrastructure Government Investment Projects
Infrastructure plays a crucial role in a country's economic and social develop-ment.In a market economy,the construction and operation of infrastructure necessitate a clear delineation of responsibilities between the government and other market actors.The government's investment focus is on infrastructure with pure public goods and infrastructure with partial quasi-public goods.Since the reform and opening up,China's infrastructure construction has played an important role in promoting China's new urbanization process and improving the quality of life of urban and rural residents.However,there are also many problems.Among them,the problems in risk management of infrastructure government investment projects include:the scope of govern-ment capital investment is too extensive,which could cause the risk of over-investment;state-owned enterprises are still in a monopoly position in the field of infrastructure construction and operation;the efficiency of construction and operation of infrastructure government investment projects is not optimal;in the field of local infrastructure construction,there is a greater risk of debt;the management system of government investment projects in infrastructure is not perfect,mainly based on administrative regulations and departmental rules,and the ability of risk control is weak.In view of the current situation of government investment in infrastructure in China and the challenges associated with risk management,according to the requirements of high-quality development of China's economy and society at the present stage,this paper purposes that the boundaries of government investment in infrastructure construction should be further delineated and that measures should be taken to mitigate the risk of government over-investment.In the field of infrastructure investment,it is necessary to address the relationship between state-owned enterprises and private enterprises,and to prevent the risk of monopoly operation;efforts should be made to improve the operational efficiency of government investment projects in infrastructure and reduce the risk of resource allocation;debt risks in the field of government infrastructure in-vestment should be dealt with to promote the sustainable development of local fiscal economies.
万方数据
维普
