oa Civil Engineering = Siviele Ingenieurswese - The challenge for government parties in assuring PPP projects : public private partnerships
Currently, there is an increasing trend for governments to use Public Private Partnerships (PPPs) as a vehicle for achieving successful outcomes for large government projects. Although the precise reasons for this are often complex, the main motivation is that the PPP model enables governments to transfer almost all project risks to another party, the Concessionaire, which has the capability to perform the necessary work. The downside for the Government Party (GP) is that it can expect to pay a premium for the Concessionaire's carrying the increased risk.
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