Risk Management in Transport PPP Projects
In the Islamic Countries
151
documentation, project implementation and operation monitoring procedures. This
should be particularly considered to minimize the risks of conflict of interest between the
public and private parties directly involved in the SPV of the PPPs as in the case of the
initiatives active in the rail-port transport sector.
 Legislative measures: possible changes in the existing legislation should be considered
to improve transparency in the procurement and monitoring of the implementation and
delivery of the PPPs.
 Procedural measures: for the appropriate management of PPP risks towards the
successful implementation of transport investments, risk management guidelines and
checklists should be considered for adoption. Further to the identification of the main risks
applicable to the PPPs over the course of the different stages of project life-cycle, the
entities responsible for their assessment and monitoring should be indicated, together
with the frequency of the reporting activities. Standard templates for the collection of
relevant project related information should be used.
 Statistics and surveys: due consideration should be given to institutional transparency,
particularly concerning the collection and publication of information and data on the
management of contingency liabilities and fiscal risks, as well as the performance of the
PPP contracts. In order to solve consistency issues in the monitoring reporting provided
by the different parties involved in the PPP projects, due consideration should be given to
the adoption of an IT integrated toolkit to be possibly managed by the PPP unit or
Regulatory Authorities.
 Capacity-building measures: the PPP dedicated teams within the line Ministries,
Ministry of Economy and Finance, Regulatory Authorities, CFM should have or develop
competences for the appropriate planning, development, appraisal, monitoring and
assessment of PPP projects. In line with previous experiences this could be done by means
of support from international funding institutions and multilateral agencies.
 Follow up measures: the control and supervision activities attributed by law to the
Regulatory Authorities should become effective in order to ensure the monitoring
reporting produced by the contractors and line Ministries and the Ministry of Economy
and Finance can be used for accountability as well as lesson learning processes.