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TABLE OF CONTENTS..............................................................................................................................................I ABBREVIATIONS.................................................................................................................................................. VII EXECUTIVE SUMMARY ..........................................................................................................................................1 S COPE OF STUDY AND METHODOLOGY .....................................................................................................................................1 C ONCEPTUAL FRAMEWORK .......................................................................................................................................................2 R ISK MANAGEMENT PRACTICES IN OIC M EMBER C OUNTRIES ...........................................................................................5 P OLICY RECOMMENDATIONS .................................................................................................................................................. 10 1. INTRODUCTION...........................................................................................................................................16 1.1. O BJECTIVE OF THE STUDY ....................................................................................................................................... 16 1.2. S UBJECT AND SCOPE OF THE ANALYSIS ................................................................................................................. 16 1.3. S TRUCTURE OF THIS REPORT ................................................................................................................................. 17 2. METHODOLOGICAL APPROACH ............................................................................................................18 2.1. G ENERAL APPROACH ............................................................................................................................................... 18 2.2. D ATA COLLECTION PROCESS .................................................................................................................................. 19 2.3. S TUDY GUIDING QUESTIONS ................................................................................................................................... 20 3. RISK MANAGEMENT IN TRANSPORT PPPS: CONCEPTS AND FRAMEWORK .........................25 3.1. I NTRODUCTION ........................................................................................................................................................ 25 3.2. C ONCEPTUAL FRAMEWORK .................................................................................................................................... 28 3.2.1. Strategy and policy ....................................................................................................................................... 32 3.2.2. Pre-tendering decision process................................................................................................................. 38 3.2.3. Procurement and contracting .................................................................................................................. 42 3.2.4. Construction and asset delivery ............................................................................................................... 47 3.2.5. Operation .......................................................................................................................................................... 50 3.2.6. End of contract ............................................................................................................................................... 53 4. ANALYSIS OF GLOBAL TRENDS AND BEST PRACTICES OF RISK MANAGEMENT OF PPPS57 4.1. I NTRODUCTION ........................................................................................................................................................ 57 4.2. G LOBAL TRENDS AND RISK MITIGATING PRACTICES .......................................................................................... 58 4.2.1. Global trends.................................................................................................................................................... 58 4.2.2. Practical Risk Mitigating Strategies ...................................................................................................... 63 4.3. C ONCLUSIONS ........................................................................................................................................................... 81 5. ANALYSIS OF PRACTICES IN RISK MANAGEMENT OF TRANSPORT PPPS IN OIC MEMBER COUNTRIES .............................................................................................................................................................83 5.1. G ENERAL OVERVIEW ............................................................................................................................................... 83 5.2. A FRICAN CLUSTER , C ASE STUDY 1: C ÔTE D 'I VOIRE ........................................................................................... 88 5.2.1. Introduction ..................................................................................................................................................... 88 5.2.2. Strategy and policy ....................................................................................................................................... 92 5.2.3. Pre-tendering decision process................................................................................................................. 99 5.2.4. Procurement and contracting ................................................................................................................104 5.2.5. Construction and asset delivery .............................................................................................................109 5.2.6. Operation ........................................................................................................................................................113 5.2.7. End of contract .............................................................................................................................................117 5.2.8. Conclusions and recommendations ......................................................................................................120 5.3. A FRICAN CLUSTER , C ASE STUDY 2: M OZAMBIQUE ......................................................................................... 122 5.3.1. Introduction ...................................................................................................................................................122