|
| Risk level | Risk categories | Risk factors |
|
| Macrolevel risks | 1. Political risks | 1. Government decision-making risk |
| 2. Government credit risk |
| 3. Government behaviour risk |
| 4. Unstable government |
| 5. Expropriation or nationalisation of assets |
| 6. Strong political opposition/hostility |
| 7. Policy risk |
| 2. Legal risks | 8. Defective legal and regulatory system |
| 9. Industrial regulatory change |
| 3. Macroeconomic risks | 10. Interest rate volatility |
| 11. Inflation risk |
| 12. Foreign exchange risk |
| 13. Influential economic events |
| 14. Poor financial market |
| 4. Social risks | 15. Public opposition risk |
| 16. Market demand risk |
| 5. Natural risks | 17. Force majeure risk |
| 18. Weather/geological condition |
| 19. Environmental risk |
|
| Mesolevel risks | 6. Project selection risks | 20. Land acquisition risk |
| 21. Delay in project approvals and permits |
| 7. Project finance risks | 22. High finance costs |
| 23. Project financial attractiveness |
| 24. Availability of finance |
| 25. Inadequate competition for tender |
| 8. Design risks | 26. Design change |
| 27. Design deficiency |
| 9. Construction risks | 28. Construction cost overrun |
| 29. Construction delay |
| 30. Materials/equipment procurement risk |
| 31. Poor-quality workmanship |
| 32. Contract change risk |
| 33. Subcontractors or suppliers risk |
| 10. Technical risks | 34. Technological backwardness |
| 35. Unproven technology |
| 11. Operational risks | 36. Revenue and cost risk |
| 37. Low productivity |
| 38. Insufficient operation capacity |
| 39. Unreasonable concession period |
| 40. Payment risk |
| 41. Residual value risk |
| 42. Lack of supporting infrastructure |
| 43. Frequent maintenance |
| 44. Equipment risk |
| 45. Safety risk |
| 46. Environmental pollution risk |
|
| Microlevel risks | 12. Relationship risks | 47. Organisation and coordination risk |
| 48. Inadequate experience in PPP |
| 49. Inadequate distribution of risks |
| 50. Inadequate distribution of authority |
| 51. Differences in working method |
| 52. Lack of commitment |
| 13. Third party risks | 53. Third party tort and compensation risk |
| 54. Staff crises |
|
