| Summary: | The implementation of Public Private Partnership (PPP) initiatives in Malaysia aims to improve the delivery of infrastructure facilities and services for the public sectors. However, there are failure in financial risk due to lack of financial risk control between Government and SPV. This paper aims to identify the financial risk in Public-Private Partnership (PPP) projects. The questionnaire was prepared in Google Form and sent at randomly 80 industry players experienced in PPP projects; however, only 66 questionnaires were answered with an 83 percent response rate. Based on the result and findings, most of the respondents are well experienced on financial risk management in the PPP projects. Risk management knowledge is essential in managing the financial risk on the PPP projects. In term of classification of financial risk, majority of the respondent agreed on the statement of construction cost overruns in PPP projects. It was found that risk analysis, identification and management to deal with uncertainty and unexpected event in term of scope, time, cost, and quality are proposed as the most agreed for financial risk management in PPP projects. The findings of this study may benefit practitioners to further improve financial risk in PPP and its source of financing towards successful PPP projects. © 2021, Construction Research Institute of Malaysia. All rights reserved.
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