@inproceedings{2f1eb2e027f5420f86549180b5ec123b,
title = "Critical risk identification in one belt-one road highway project in Serbia",
abstract = "Highway projects are exposed to higher risks due to higher capital amounts and complex site conditions compared to traditional construction projects. The aim of this paper is to identify and classify potential risks on the One Belt-One Road (OBOR) projects and using significant risk index to rank these risks on the particular project. To detect risks, a comprehensive literature review and interviews with participants on the OBOR infrastructure projects were conducted. In total, 43 risks have been identified and classified into categories according to their source and project phase in which they may occur. The significant risk index is applied to a case example, which is the OBOR highway project of Section Sur{\v c}in - Obrenovac in the Republic of Serbia. This project is of international importance since the highway Section Sur{\v c}in - Obrenovac belongs to the Highway E-763 which is a part of the China's OBOR Initiative. The results show that the ten most significant risks are cultural difference, language barrier, safety measures on site, inflation and currency exchange rate, water and soil pollution caused by construction works, majeure force, poor quality of materials, unforeseeable ground conditions, noise pollution, and different religious background.",
keywords = "Highway, One Belt-One Road, Risk identification, Risk significant index, Serbia",
author = "Andri{\'c}, {J. M.} and Wang, {J. Y.} and Zou, {P. X.W.} and Zhong, {R. Y.}",
note = "Publisher Copyright: {\textcopyright} Advancement of Construction Management and Real Estate, CRIOCM 2017.All right reserved.; 22nd International Conference on Advancement of Construction Management and Real Estate, CRIOCM 2017 ; Conference date: 20-11-2017 Through 23-11-2017",
year = "2019",
language = "English",
series = "Proceedings of 22nd International Conference on Advancement of Construction Management and Real Estate, CRIOCM 2017",
publisher = "CRIOCM 2017 Organising Committee",
pages = "248--255",
editor = "Zou, {Patrick X.W.} and Jay Sanjayan and Morshed Alam and Xiaoxiao Xu",
booktitle = "Proceedings of 22nd International Conference on Advancement of Construction Management and Real Estate, CRIOCM 2017",
}