The investment case in some area of Shandong proves again that water dispute is possible during the process of the new style urbanization .Take the agricultural irrigation infrastructure .Only gov‐ernment investment is not adequate and its effect is not ideal to meet the needs of rural society ;therefore , the innovation of system is necessary ,and the domestic investment BOT is an important one .In the field of the agricultural irrigation infrastructure ,the key to the success of domestic investment BOT is the risk identification and sharing .The risks mainly come from the government and rural committee's breaching of the contract ,w hich leads to disputes .T he measures for dispute remedy must include the new style urbani‐zation ,establishing the status of BOT and narrowing its scope of investment ,and restricting the govern‐ment power so as to deal with the relationship between the urbanization and reduction of land disputes . The practice shows that farmers have achieved BOT with their wisdom and that in terms of both the social result and economic benefits the domestic investment BOT style can be adopted in the agriculture irrigation infrastructure ;however ,possible risks and disputes in the process of pseudo‐urbanization should be pre‐vented .%山东某地新型投资例证再次印证了在新型城镇化进程中水事纠纷的风险依然存在。以农水基建设为例，仅靠政府投入肯定是不够的，效果也不够理想，不能满足农村社会的民生需求，必须实现制度创新，其中内资BO T就是重要的创新内容。在农业水利基础设施建设领域，引进内资BO T是否成功，关键是正确识别和合理分担风险；从风险来源上讲，内资BO T风险主要是来自政府和村委会的合同违约，进而引发纠纷。纠纷救济措施应当结合新型城镇化进程，明确BO T主体资格和缩小BO T投资范围，约束政府权力，理顺城镇化进程中土地制度，减少土地纠纷。实践证明：农民已经用自己的智慧，实践着BO T ，无论是社会效果还是经济效益，都说明农业水利基础设施建设中可以采取内资BO T模式，但是要防范“伪城镇化”潜在的风险和纠纷。
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