Risk Management in Transport PPP Projects
In the Islamic Countries
2
In consideration of the wide spectrum of applicability of PPP to public utilities, including
transport infrastructure and services, and in order to make the study more useful to the OIC
Member Countries, the scope of the study is also focused on those initiatives that involve
the private sector at least in the financing and implementation of rehabilitation works or
new investments in transport infrastructure, thus excluding the forms of PPP merely related
to operation of services or ordinary maintenance of infrastructure and roiling stock by private
companies; or the merely procurement of works by the public sector, without involvement of
private financing; as well as financial operations involving the private sector, but excluding
works implementation of new investments.
Literature review represented the main source of analysis of the study reflecting the point of
view of professionals and academic experts. Interviews either face-to-face and by phone and
email have been also performed which involved public and private stakeholders. Several
Multilateral Agencies and International Funding Institutions were also contacted to collect
insights and opinions on the existing global trends and best practices and interviews with
current and former experts of the European Investment Bank (EIB) and European Bank for
Reconstruction and Development (EBRD) were organized.
The analysis of the risk management experience in transport PPP projects in the OIC Member
Countries has been performed on the basis of six case studies realized in the countries listed
in the following Table.
COMCEC selected case studies and country visits
Official geographic group Countries selected
African group  Côte d'Ivoire (field visit)
 Mozambique
Arab group  Jordan (field visit)
 Algeria
Asian group  Turkey (field visit)
 Malaysia
Source: Authors.
Conceptual framework
The conceptual framework guiding the entire study results from the combination of risk
governance dimensions and investment phases.
Five risk governance dimensions have been identified.
1. Risk Identification. Risk governance requires a preliminary identification of the risks
that can potentially prevent the transport PPP project from achieving its objectives or
affect its performance;
2. Risk Assessment . The estimation of the likelihood, impact and implications of the
identified risks is instrumental to the choice of how to share them between public and
private parties, and it relies upon assessment criteria and tools;