3.29 The appropriate sharing of risks is the key to ensuring value for money benefits in PFI projects are realised. The benefits described above all flow from ensuring that the many different types of risks inherent in a major investment programme, for example construction risk or the risk associated with the design of the building and its appropriateness for providing the required service, are borne by the party who is best placed to manage them. This section goes on to outline how risks are typically allocated within a PFI project between the public and private sectors, and within the private sector between the various parties involved.