Risk Management in Transport PPP Projects
In the Islamic Countries
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finance should finally be taken into account, concerning the regulatory and institutional settings
required for the adoption of Islamic finance solutions and the financing of PPP initiatives.
Where the number of PPPs is limited or where no experiences exist, PPP pilot projects involving
limited financial and fiscal risks should be preferably identified and technical assistance
support sought for their preparation and implementation, also involving International Funding
Institutions and Multilateral Agencies.
6.2.8. Follow up measures
Control, supervision and guardianship monitoring reports should feed into a centralized
databased of PPP initiatives under responsibility of the PPP unit or entity responsible for the
state budget and the authority/authorities responsible for sector regulation. Particularly in
those countries where a number of PPPs are active or expected to be implemented a systemic
and systematic process of monitoring PPPs should indeed be in place for an appropriate
accountability as well as technical/regulatory supervision of the PPPs. All phases of project
development, implementation and operation should be covered by the PPP database thus
allowing for the possibility of identifying success stories and provide lesson learned. Such
monitoring tool should be effectively used and to this purpose appropriate legal provisions and
requirements should be foreseen. Institutional settings including authority powers and financial
and/or human resource capacities should not represent a barrier to the use of such a database.
Ex-post evaluations of PPP projects should be considered which could also relate to the
completion of specific phases of the project life-cycle in order to provide useful inputs and
possible improvements to the management practices of the risks associated with PPPs in the
transport sector.