When project financing is used in the developing country ， the cost of the financing is higher than it is in the developed country because of some uncertain reasons . it is showed in the paper that trough completing the management of the risk and distributing the risk reasonable the risk can be decreased 本文通过规范分析和实证分析相结合的方法分析说明，通过完善项目融资的风险管理，进行合理的风险分配，通过开拓项目融资创新业务，采用适当的风险规避方式，可以降低项目融资的风险。
