• The experience with the LGTT has been positive and the possibility of it being used for availability payment structures should be pursued.
• JESSICA will expand its relevance for the financing of municipal PPPs. To make its application more efficient, it should start designing and offering package solutions for PPPs where standardisation is possible (e.g. street-lighting projects, energy efficiency for public buildings).
• Given the positive experience with financial engineering instruments and the November 2010 Budget Review, it might be worth exploring the possibility of setting up an instrument which would be dedicated to PPPs that are excluded from Marguerite's scope because of their size and IRR requirements and from JESSICA because they do not fall within its scope.
• It would also be worth exploring mechanisms for applying both grant and financial engineering to PPPs, as described earlier in this paper.