Risk Analysis for Project-Based Infrastructure Financing: A Reference Framework

5 Pages Posted: 5 Nov 2014 Last revised: 23 Mar 2021

See all articles by Golib Kholjigitov

Golib Kholjigitov

British Management University; Kazakh-British Technical University - Business School

Timur Narbaev

Kazakh-British Technical University

Date Written: November 3, 2014

Abstract

This work is a part of an ongoing research that addresses the issue of exploring a risk profile of Project Financing (PF) mechanism and Public-Private Partnership (PPP) projects for infrastructure development and focuses on developing a risk analysis framework for the Kazakhstani PPP market. To achieve this, the research is carried out in three stages. First, the authors provide a pertinent literature review of PPP projects being delivered in Kazakhstan and gain advantages from experienced countries with the purpose of establishing the research background for the risk analysis. Second, an exploratory analysis will be conducted to investigate the risk profile and factors that might affect the success of the PPP projects. Finally, a risk analysis framework and model is expected to be developed as a reference for future PPP projects. It is noted, that the research is still in progress and no final results are derived as yet, hence, in this paper the authors attempt to present the first stage’s preliminary results highlighting relevant points with suggestions for further research.

Keywords: Emerging markets, infrastructure development, Kazakhstan, oil and gas industry, project management, project financing, public-private partnership, risk management

JEL Classification: D8, G3, H4, O4

Suggested Citation

Kholjigitov, Golib and Narbaev, Timur, Risk Analysis for Project-Based Infrastructure Financing: A Reference Framework (November 3, 2014). Available at SSRN: https://ssrn.com/abstract=2518890 or http://dx.doi.org/10.2139/ssrn.2518890

Golib Kholjigitov (Contact Author)

British Management University ( email )

Sebzar Street
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Tashkent, Tashkent 100052
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Kazakh-British Technical University - Business School ( email )

59 Tole Bi
Almaty, 050000
Kazakhstan

HOME PAGE: http://www.kbtu.kz

Timur Narbaev

Kazakh-British Technical University ( email )

59 Tole Bi
Almaty, 050000
Kazakhstan

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