Risk Management in Transport PPP Projects
In the Islamic Countries
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In addition to policy recommendations on risk management practices, the section below
provides concluding considerations about the findings of the study with reference to the main
categories of risks related to PPPs in the transport sector as identified in Chapter 3.
The analysis of the case studies presented in the previous chapters of this report and the
conclusions and policy recommendations in the following sections are backed by the review of
existing literature and the consultation with public and private stakeholders as well as
professional experts interviewed as part of the study. The point of view of academic and
professional experts was furthermore considered by means of quotation of studies and research
reports as well as articles. The study findings are generally applicable to all PPPs involving
infrastructure works. Most of the considerations would actually also be applicable to PPPs
adopted for the operation and maintenance of the infrastructure, with the appropriate exclusion
of the risks affecting the construction phase of project implementation.
6.1. Conclusions
This section provides concluding considerations about the study with reference to the following
macro-categories of risks: political and legal risks, macroeconomic risks, financial credit risks,
design, construction and operation risks, financial sustainability risks, and other risks. Whereas
several sub-types of risks can be identified with reference to these main categories, the factual
analysis of the practices based on literature and/or the level of information collected from the
interviews with the representatives of the institutions involved in the development and
implementation of PPPs does not allow to comment on all different types of risks and sub-risks
by country and with reference to specific projects. This is partially due to:
 The limited availability of consistent information for all countries and projects
(including the fact that contractual documentation is generally not of public domain and
that risk matrices and guidelines on risk management are not available by specific country
and project);
 The fact that in absence of materialization of risks related effects, risks remain a
theoretical issue, difficult to be discussed and treated without referring to the general
procedures and tools that can be used for their mitigation in abstract terms.
Notwithstanding these limitations, the analysis performed as part of the study and described at
Chapter 5 above on risk management practices in six OIC Member Countries allows commenting
on the macro-categories of risks and on some specific sub-types of risks within these macro-
categories. Concluding considerations have been elaborated on this basis that provide a
framework for the elaboration of policy recommendations which are deemed to be generally
applicable to the OIC Member Countries.