Risk Management in Transport PPP Projects
In the Islamic Countries
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1. I NTRODUCTION
The Standing Committee for Economic and Commercial Cooperation of the Organization of
Islamic Cooperation (COMCEC) has commissioned a study on risk management in transport
Public-Private Partnership (PPP) projects in the OIC Member Countries. This chapter
introduces the objectives of the study and the structure of this report.
1.1. Objective of the study
Main Objective
The main purpose of the study is to establish a conceptual foundation regarding better risk
management practices for transport PPP projects in the OIC Member Countries. The study aims
at providing an overarching overview of risk management practices for transport PPP projects
of relevance to the OIC Member Countries. The analysis describes and comments on crucial
issues, barriers, and challenges, which OIC Member Countries are currently facing or may face
in the implementation of PPPs. The study also brings policy recommendations outlining how
these issues can be addressed by the various players. The ultimate target of the research is to
draw attention to the risk management practices of transport PPP projects at the OIC Member
Countries as well as to trigger a serious debate around the issues identified and how to better
address them.
Specific objectives
To achieve the above main study objective, the research focused on the following specific
objectives:
 Identifying the basic concepts and steps of risk management of transport PPP projects;
 Investigating the major and successful practices regarding risk management of transport
PPP projects (outside the OIC geography);
 Describing the general situation related to experiences in transport PPP projects in the
OIC Member Countries and analyzing risk management practices in six selected OIC
Member Countries as case studies;
 Proposing recommendations for better enhancing risk management practices for
transport PPP projects among the OIC Member Countries.
1.2. Subject and scope of the analysis
Primarily relying on existing literature and stakeholders’ interviews in the selected OIC
Member Countries subject of case study analysis, the study does not contribute to the academic
and institutional debate on the theoretical definition of PPPs and the type of risks associated to
PPPs in the transport sector. Relevant sources already exist in this regard, i.e. from the World
Bank PPP Infrastructure Resource Centre (PPPIRC), European PPP Centre of Expertise (EPEC),
and Organization for Economic Cooperation and Development (OECD), which are currently
representing the basis of the international debate on the analysis of the applicability of PPPs to
the transport sector. Accordingly, these sources represent the primary references to define the