城市污水处理项目BOT融资风险分析及保障措施马云

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3192(X)612EN10NM[ENTALSCIENANCENDAGEM[ENTVol.31No.9Dec.2《】:16731212《2006)0900〔}503BOT`,2,,(1.,150056;2.,150)1;3.,150001):,,。,,。、,Bor。BoT,,BoT,。:;BO;T;;:X703:A,BOT,、;、,;,。,BOT,,。,、,、、、、、,。BoT,,。,,。,,,,BOT,「,。,、、,。,。,、、、、。1.1、,:、、、、、,。BOT。,,。、、、,:(l)。,。,、、。,、、、、。(2)。,。,,,。1.2,。,,:20060829:(1970),,,,,、。319212·BTOVOI`31N.o9Dee.2〔,。,,。。,、,,。,,。。,3,()、。,,,,,。BOT,,,,、。,:!。…{{,(i),,。·6·(2)。2,OT。,,,3oT、。2.1,,。,,,。,。,,。2.2。,,,、、。_:…2.3…{),,,。,,t’”、。(l)、、、,。1392(X)612·BOTVol.31N0.9Dec0(2:①。②,、、,、、、。③,,,、、、。(2),,,。。,,。,,,,。:①,、。②、,,。③,,。④,;“”、“”、“”、“”,。(3)(、)。、、、。,,,,。:①,,,。②,。,。,。.24,、,、,,。、、,、、,。BOT,,,、、、,BoT36[]。,,。:(1),。〔2),、。(3),,。(4),,。3BOT,,BOT,、。RiskAnalysisandProteetiveM。,asuerofBTOFinaneingforUrbansewageTreoLtmentProjeets[AYunl,SUNYangpingZ,HANHong3(1.HeiloniangSeientifieResearehInsittuteofEnvi:。mentPrateetion,Hahtinl50()56,China;2·HabrinWasteWaterCoinarlCO·:Ltd,Habrinl:50001,China;3.HeilonigngApparisa]1CenterforEnviorunrental&Engineeir,Hahtin15(l,China)Abstraet:WitharPiddevelopmentofeiyteonsturetion,htedisehaeOfdomestiesewageandindustitalemuent15ineerasingeonstainly.hTeperssingproblemwemustdealwithistospeeduphteeonsturetionofsewageteratmentants.Butlasrefundsaerneededforbuildingandopeartionwithlit{rleeeonomieertunrs.However,BTOifnaneingm。rasolution.Basedonirskanaly-515andstudyOfBTOifnaneing,thisPal)erputsfowrardPorteetivemeasurestohelpmakedeeisionininvesitngeiffuentteratingpojreetsbyBTOmodelandifndasoluiteofortheeonsturetionOfuhtansewagetreatmentplantsfundarising.Keywords:emuentetramtent;BolT;fundraising;irskanalysis;feasiblesteps·7·

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