“…The construction of infrastructure projects in overseas markets is much riskier than in the domestic market due to diverse variables affected by the complex international environment (Gunhan and Arditi, 2005). Similarly, the majority of current BRI projects consist of efficient infrastructures such as highways, railways, ports, and other (Amighini, 2017b; Andrić et al , 2018; Nikjow et al , 2021), which can further enhance interconnectivity between China and its neighboring countries and regions (Amighini, 2017a, 2017b; Huang, 2016; Shao et al , 2018) – which requires a large-scale upfront investment and a long lead time contract and complex technologies (Wang and Yuan, 2017), and longevity of construction time and unexpected disruptions add to the uncertainties about estimation and realization in BRI infrastructure projects (Sun et al , 2020), which give rise to many potential risk factor in terms of schedule delay (Xu et al , 2018), cost overrun (Choudhry et al , 2014; Love et al , 2017), quality standard and safety issues (Andrić et al , 2019), which could also lead to the failure of BRI infrastructure projects in the international market (Shaikh et al , 2016; Sun et al , 2020). Thus, there is a need for risk analysis to recognize the significant risks of BRI infrastructure projects and handle them effectively to achieve project performance.…”