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Private section investment in the construction of transportation infrastructure, one of the most important of which is freeway projects, has been extensively used in developing countries in recent decades. However, in many cases due to the lack of necessary investigations and studies, the criteria have not been properly identified and, as a result, the proper way of participating in large-scale transport projects has resulted in numerous problems and, in some cases, project failure. However, choosing a private-public partnership will have a major impact on the success of freeway construction. However, due to the current conditions of the country’s economy, these projects are following with some risks. Therefore, in this study, the financial risk assessment of “public-private partnership” financing for road construction projects in Iran was investigated using the uncertainty approach and the BAS method. The research population of this study consisted of 23 researchers and experts with Ph.D. degree in finance with minimum degree of associate degree and experience of research and financial consulting in investment firms. According to the results, the lack of stability in planning and implementation of government programs and political risks, increases the risk of road construction projects and, in this regard, controlling the price fluctuations and bank financing of road construction projects can reduce the risk of these projects.

Assessing Financial Risk in Public-Private Partnership Financing for Road Construction Projects in Iran Using Uncertainty Conditions Approach