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Because of the particularity of geological risk, the risk-sharing problem of PPP projects in underground pipe gallery is crucial for the distribution of interests between the two parties. Through literature analysis, the risk of geological conditions is defined and classified. Based on the three principles of risk-sharing proposed by Xinping Liu and Shouqing Wang, which are highly recognized by academic community, this thesis discusses the sharing schemes of different types of geological conditions risks between public and private parties.

Study on the Sharing of Geological Condition Risks in PPP Projects of underground pipe gallery