The Risks of Investments in Transport Infrastructure Projects

O. Pokorná, D. Mocková

Abstract


Investment decisions should not be taken without an in-depth analysis of the risks. This is an important stage in project preparation and should be performed simultaneously with the planning of the financial operations. Infrastructure development requires that project risks and responsibilities be assigned to the public or private entity that is best able to manage them. The risks and their financial impacts are usually not quantified equally by all parties. Each party views the given risks according to the guarantees provided. These guarantees are related to the form of participation in the project.

Keywords


project financing; identification of risks; construction phase risks; start-up and operating phase risks; risk analysis; investment decisions; financial evaluation of the risks

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ISSN 1210-2709 (Print)
ISSN 1805-2363 (Online)
Published by the Czech Technical University in Prague