Proceedings of the 14th Meeting of the
Transport and Communications Working Group
34
(public, private and financers) by the consulting engineers/firms. The success of the PPP
investments is directly related to the estimation and monitoring of the impact of PPP project-
related contingent liabilities and fiscal risks.
Lastly, Mr. AGAH listed the possible activities done by the independent consulting
engineers/firms as followings;
 Identification of potential PPP projects for the different sectors in the country,
 Pre-feasibilities (legal, institutional, technical, etc.),
 Appraisal of the project with all aspects (technical, social, environmental, financial, etc.)
 Final design and alternative financial modules, • Tender documents for works, goods,
and services,
 Procurements and contract management,
 Supervision and monitoring of all process,
 Periodic reports on technical and fiscal commitments,
 Early warning systems before facing the risks.
c. Yapı Merkezi Group: "Yapı Merkezi’s Experiences with respect to the Risk
Management in Transport PPP Projects and Expectations"
Mr. Mustafa KOÇAR, Head of Investments and Project Finance, Yapı Merkezi Group, delivered a
presentation with the theme “Risk Management in Transport PPP Projects Private Sector
Perspective”.
At the beginning of his presentation, Mr. KOÇAR shed light on the key risks in PPP projects per
each phase during the project life. Then he mentioned the risk allocation matrix which shows
the distribution of the risks between public and private sectors.
After briefing the participants about the project organization structure, finance package, key
bankability information of the Eurasia Tunnel Project which Yapı Merkezi involved in, Mr.
KOÇAR highlighted the risks and mitigants during the design and construction period. He
mentioned that the preliminary studies were made with the generation of a successful
geological/geotechnical profile supported by literature searches (especially Melen and
Marmaray studies), expert reports, investigation of exploratory borings, bathymetric survey and
geophysical studies. He listed the lessons learned as followings;
 Prioritizing utility relocations and expropriations
 Being prepared for contingencies
 Having the right technologies and choosing the right methods
 Avoiding conflict with local authorities