Analysis on Risks and Preventive Measures of Overseas Highway Engineering: Taking Bolivia Project as an Example

Abstract

Under the Belt and Road Initiative, the pace of Chinese enterprises to explore overseas markets obviously quickens, and the international project contracting business has been maintaining rapid growth. At the same time, series of issues have brought the unprecedented impacts on human society, such as the scientific and technological revolution, the industrial revolution, climate change, etc. With more and more risk factors in the international project contracting market, the uncertainties faced by Chinese enterprises "going global" to carry out international business are increasing. Based on the "the Two-San Project" and "the Yukumo Project" being implemented by China Construction Group in Bolivia, the paper focuses on the internal and external risks, involved in the development of highway engineering projects. The various risk factors will be explained in detail so as to provide reference for the smooth implementation of the road projects under construction and the road projects to enter Bolivia in the future.