The allocation of risks and returns in infrastructure projects that are to be procured through the Public-Private Partnership (PPP) model is pivotal and will determine whether the project will attract sustainable financing.
Ostensibly, the construction and operation phases of most PPP projects are relatively long and as such susceptible to a myriad of risks which if not appropriately mitigated will adversely affect the project. Consequently, the procuring authority must undertake a thorough risk analysis during the preparation phase.
