Abstact-Risk assessment of public-private partnership projects has been recently acknowledged as a crucial issue in infrastructure projects. Objective assessment of risk status is conducive to the establishment of scientific and reasonable management measures. -e particularity of evaluating water environment treatment PPP projects means that random errors in the evaluation index and the threshold fuzziness of evaluation degrees are issues that require attention. -is paper uses the Pythagorean fuzzy cloud model to process the randomness and fuzziness of the indicators. -is study assessed the risks of an iconic water environment treatment PPP project inn mid-China. -e risk ranks were evaluated in terms of five dimensions: political, economic, construction completion, operational, and ecological. Moreover, the results of the evaluation were compared with results derived using a regular cloud model. It was found that the Pythagorean fuzzy cloud model produced results consistent with the regular method, while also having the advantage of reflecting the randomness and fuzziness of the evaluation indicators. According to the evaluation data in this case, the project risks were ranked as follows: political>construction completion>operational>ecological>economic. -e overall project risk was medium. -is study’s results could provide technical support for water treatment PPP project risk assessment, indicator measurement, and statistical error control.
Reference：Y. Zhang,N. He,Y. Li,Y. Chen, L. Wang, Y. Ran, Risk Assessment of Water Environment Treatment PPP Projects Based on a Cloud Model, in Discrete Dynamics in Nature and Society, Volume 2021, pp. 1-15. doi:org/10.1155/2021/7027990.
