PPP Project Failures: The tragedy of the evitable (III) – Failing to structure

The tragedy of the evitable (III)

“Failing to Structure” is the third article of an investigation, conducted by K-infra in 2018, about PPP project failures in Greater Europe.

In this new article we advance further in the project cycle, still in pre-procurement phase (before project approval), to discuss how the right project (the right public investment) can suffer dramatically and be either a complete failure (rescue/early termination) or a significant failure (re-structuring the project through re-negotiations) simply because we were unable to define the correct PPP structure (financial structure and/or risk allocation structure).

Although there are examples in other sectors and with respect to other risks, this is especially true when talking about linear transport infrastructure and mostly relevant in relation to demand and revenue risk…

Interested in reading the full article?


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