Risk Management in Transport PPP Projects
In the Islamic Countries
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Bearing in mind the previous considerations, initial analysis could be carried out at three levels:
 Country institutional framework - is the legislative/organizational framework capable
of generating a PPP strategic vision and ensuring sufficient incentive alignment between
public and private parties and balanced risk-sharing?
 Investment portfolio analysis – is there a portfolio/pipeline of candidate projects38?
What is the nature of the portfolio in terms of their bankability and their technical and
economic features?
 Where applicable, in-depth consideration of specific investment opportunities in the
transport sector could be considered to learn on the use of PPP for strategic purposes and
identify specific barriers, risk and opportunities to be addressed through a tailored
support package.
Following the above steps, taking into account the institutional setting and investment
opportunities, a set of specific governmental measures could be considered to support an
appropriately phased and resilient framework for transport PPP planning and delivery within
the country, in line with the requirements of good risk governance practices throughout the PPP
investment cycle. In this context, a robust system should strive to address the fragmentation in
risk governance caused by the long PPP implementation life-cycle, multiple ongoing projects
and a complex ecology inhabited by multiple public and private stakeholders. A well-balanced
transport PPP portfolio planning and monitoring approach could be a step in the right direction.
38 They could be in different implementation phases or even concept maturity.