Effective risk allocation is crucial for the success of transport infrastructure public-private partnership (PPP) projects. However, the inherent features of multiple entities, multiple tasks, and dynamicity make it highly challenging to obtain a risk allocation solution. This study aims to...

To manage their exposure arising from guarantees to infrastructure projects, governments need to adopt modern risk management techniques. The authors introduce an integrated risk management system that draws on recent advances in the private sector. Adapted for use in the public sector, the...

Public-private partnership (PPP)-based infrastructure projects generally face many risks and uncertainties at all stages of the project, including initial studies, design, construction, and operation. This causes many challenges such as increased costs, delays in the project and loss of...